A share price of Albemarle Corp. [ALB] is currently trading at $99.15, up 0.81%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ALB shares have gain 3.80% over the last week, with a monthly amount drifted -16.43%, 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 May 22, 2024, when Scotiabank downgraded its rating to a Sector Perform and also revised its price target to $135 from $150. Previously, Berenberg upgraded its rating to Buy on April 11, 2024, and elevated its price target to $160. On April 10, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $156 on the stock. Vertical Research downgraded its rating to a Hold but stick to its price target of $145 on March 08, 2024. Wolfe Research initiated its recommendation with a Peer Perform. Citigroup downgraded its rating to Neutral for this stock on February 09, 2024, and downed its price target to $120. In a note dated January 29, 2024, TD Cowen downgraded an Market Perform rating on this stock and revised its target price from $220 to $130.
Albemarle Corp. experienced fluctuations in its stock price throughout the past year between $92.29 and $247.44. Currently, Wall Street analysts expect the stock to reach $210.16 within the next 12 months. Albemarle Corp. [NYSE: ALB] shares were valued at $99.15 at the most recent close of the market. An investor can expect a potential return of 111.96% based on the average ALB price forecast.
Analyzing the ALB fundamentals
Trailing Twelve Months sales for Albemarle Corp. [NYSE:ALB] were 8.40B which represents -47.26% decline. Gross Profit Margin for this corporation currently stands at -0.0% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.3.
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 98.29 points at the first support level, and at 97.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.83, and for the 2nd resistance point, it is at 102.51.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Albemarle Corp. [NYSE:ALB] is 2.84. Further, the Quick Ratio stands at 1.91, while the Cash Ratio is 1.0. Considering the valuation of this stock, the price to sales ratio is 1.39, the price to book ratio is 1.25 and price to earnings (TTM) ratio is 36.09.
Transactions by insiders
Recent insider trading involved Mummert Mark Richard, SVP, Capital Projects, that happened on May 14 ’24 when 843.0 shares were sold. VP, Controller & CAO, Barichivich John Clarence III completed a deal on May 13 ’24 to sell 1475.0 shares. Meanwhile, EVP, General Counsel Coleman Kristin M. bought 1373.0 shares on Nov 07 ’23.
