At the time of writing, Albemarle Corp. [ALB] stock is trading at $125.73, up 7.57%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ALB shares have gain 11.97% over the last week, with a monthly amount drifted -4.56%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Albemarle Corp. [NYSE: ALB] stock has seen the most recent analyst activity on April 11, 2024, when Berenberg upgraded its rating to a Buy and also boosted its price target to $160 from $130. Previously, BofA Securities upgraded its rating to Buy on April 10, 2024, and elevated its price target to $156. On March 08, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $145 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. Citigroup downgraded its rating to a Neutral and reduced its price target to $120 on February 09, 2024. TD Cowen downgraded its rating to Market Perform for this stock on January 29, 2024, and downed its price target to $130. In a note dated January 11, 2024, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $155 to $135.
For the past year, the stock price of Albemarle Corp. fluctuated between $106.69 and $247.44. Currently, Wall Street analysts expect the stock to reach $241.19 within the next 12 months. Albemarle Corp. [NYSE: ALB] shares were valued at $125.73 at the most recent close of the market. An investor can expect a potential return of 91.83% based on the average ALB price forecast.
Analyzing the ALB fundamentals
According to Albemarle Corp. [NYSE:ALB], the company’s sales were 9.62B for trailing twelve months, which represents an -10.10% plunge. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.13 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 123.32 points at the first support level, and at 120.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 127.02, and for the 2nd resistance point, it is at 128.30.
Albemarle Corp. [ALB] reported earnings per share of $1.85 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.01/share, meaning a difference of $0.84 and a surprise factor of 83.20%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $2.74 per share as compared to estimates of $3.99 per share, a difference of -$1.25 representing a surprise of -31.30%.
Ratios To Look Out For
It is important to note that Albemarle Corp. [NYSE:ALB] has a current ratio of 1.47. As well, the Quick Ratio is 0.86, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 1.57 and price to earnings (TTM) ratio is 9.43.
Transactions by insiders
Recent insider trading involved Coleman Kristin M., EVP, General Counsel, that happened on Nov 07 ’23 when 1373.0 shares were purchased. President, Energy Storage, Norris Eric completed a deal on May 10 ’23 to buy 1260.0 shares. Meanwhile, Chairman & CEO Masters J Kent bought 5470.0 shares on May 05 ’23.
