Credit Suisse Thinks Albemarle Corp’s Stock is Going to Recover

In a report issued on May 13, Andre Schafferling from Credit Suisse maintained a Buy rating on Albemarle Corp (ALBResearch Report), with a price target of $106. The company’s shares closed yesterday at $69.58, close to its 52-week low of $68.45.

According to TipRanks.com, Schafferling is ranked #4043 out of 5181 analysts.

Albemarle Corp has an analyst consensus of Moderate Buy, with a price target consensus of $106.33, a 52.8% upside from current levels. In a report issued on May 9, Oppenheimer also maintained a Buy rating on the stock with a $157 price target.

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The company has a one-year high of $108.74 and a one-year low of $68.45. Currently, Albemarle Corp has an average volume of 1.52M.

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Albemarle Corp. is a specialty company, which engages in developing, manufacturing, and marketing of chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, transportation, pharmaceuticals, crop production, food-safety, and custom chemistry services.

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