Albemarle Corporation (ALB) has significantly outperformed the broader market and the State Street Materials Select Sector SPDR ETF (XLB) over the past year and year-to-date. Despite a Q3 revenue decline due to lower pricing in its energy storage segment, ALB’s adjusted loss per share narrowed significantly and beat analyst estimates. Analysts currently have a “Moderate Buy” consensus rating on ALB, with a mean price target indicating a 7.4% premium from current levels.
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Palmetto Grain Brokerage -
Albemarle Corporation (ALB) has significantly outperformed the broader market and the State Street Materials Select Sector SPDR ETF (XLB) over the past year and year-to-date. Despite a Q3 revenue decline due to lower pricing in its energy storage segment, ALB’s adjusted loss per share narrowed significantly and beat analyst estimates. Analysts currently have a “Moderate Buy” consensus rating on ALB, with a mean price target indicating a 7.4% premium from current levels.