Do analysts think you should sell?
InvestorsObserver gives Albemarle Corporation (ALB) an analyst rating of 24, meaning ALB is ranked higher by analysts than 24% of stocks. The average price target for ALB is $248.8 and analysts are pricing the stock as a buy.
Why are analyst ratings important?
Analysts know better than anyone the inner workings of the companies they follow, with the exception of the management of the companies. You can tell a lot about a company by studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in any part of the world can disrupt supply chains or disrupt shopping habits. This allows traders to make decisions **ahead** of a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all analysts covering a given security, takes the average of these ratings, and then ranks the averages into percentiles. This provides a much better level of granularity than the three levels provided by traditional buy/hold/sell notations.
What’s going on with Albemarle Corporation shares today?
Albemarle Corporation (ALB) stock is trading at $232.14 at 2:33 p.m. on Friday, January 14, down -$3.09, or -1.31% from the previous closing price of $235.23. The stock has traded between $228.93 and $235.88 so far today. The volume today is light. So far, 303,614 shares have been traded with an average volume of 1,028,915 shares. Click here for the full Albemarle Corporation stock report.