Albemarle Corporation (NYSE:ALB) added 2.13% and closed its last session at $87.78. The stock has the market capitalization of $9.87 Billion with the total outstanding shares of 112.48 Million. Albemarle Corporation. has Analysts’ Mean Recommendation of 2.2 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 17.23 for trailing twelve months while its Forward P/E is 21.76.

Albemarle Corporation (NYSE:ALB) touched its 52-Week High of $88.73 on Nov 30, 2016 while it’s 52-Week Low of $45.78 on Jan 15, 2016. The company currently has Return on Assets of 2.3 percent, Return on Equity of 6.5% and Return on Investment of 5.8 percent. The stock currently showing Weekly Volatility of 2.14%% and Monthly Volatility of 2.53% Percent with Average True Range of 2 and Beta of 1.5.

The 15 analysts offering 12-month price forecasts for Albemarle Corp have a median target of 92.00, with a high estimate of 120.00 and a low estimate of 72.00. The median estimate represents a +4.81% increase from the last price of 87.78.

Press Release:

The Company on 30 November a 20% indirect ownership interest in Rockwood Lithium GmbH (GmbH) and its subsidiaries.  GmbH is a wholly-owned German subsidiary of Albemarle that manages a portfolio of downstream products, including organolithiums such as butyllithium, which are manufactured at its facility in Langelsheim, Germany. Exercise of the option by Tianqi does not include any material interest in Albemarle’s lithium-based battery and energy storage business, its lithium reserves and operations in South America, the U.S., or Australia, or its pending lithium hydroxide and carbonate asset acquisition in China, all of which are owned outside of the German entity. Albemarle will continue to own a controlling interest in GmbH and will manage the business and operations of GmbH following Tianqi’s financial investment.

The option was granted pursuant to an agreement entered into in 2013 when the predecessor to Albemarle’s lithium business, Rockwood, acquired a 49% ownership interest in Windfield Holdings Pty Ltd. from Tianqi.  Windfield Holdings Pty Ltd. owns and operates the Talison lithium ore mine in Greenbushes, Western Australia.

Company Profile:

Albemarle Corporation is a major producer of fine and performance chemicals including polymer intermediates, cleaning product intermediates and additives, agricultural chemical intermediates, pharmaceutical intermediates, catalysts, brominated flame retardants, bromine chemicals  and potassium and chlorine chemicals.