Albemarle Corp. [ALB] stock is trading at $97.71, up 2.32%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALB shares have gain 8.00% over the last week, with a monthly amount drifted -9.72%, 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 July 11, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $100 from $145. Previously, Scotiabank downgraded its rating to Sector Perform on May 22, 2024, and dropped its price target to $135. On April 11, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $160 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $156 on April 10, 2024. Vertical Research downgraded its rating to a Hold but $145 remained the price target by the analyst firm on March 08, 2024. In a note dated February 09, 2024, Citigroup downgraded an Neutral rating on this stock and revised its target price from $175 to $120.
Albemarle Corp. [ALB] stock has fluctuated between $90.32 and $239.45 over the past year. Currently, Wall Street analysts expect the stock to reach $210.16 within the next 12 months. Albemarle Corp. [NYSE: ALB] shares were valued at $97.71 at the most recent close of the market. An investor can expect a potential return of 115.09% based on the average ALB price forecast.
Analyzing the ALB fundamentals
Albemarle Corp. [NYSE:ALB] reported sales of 8.40B for the trailing twelve months, which represents a drop of -47.26%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
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 95.29 points at the first support level, and at 92.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.11, and for the 2nd resistance point, it is at 100.51.
Ratios To Look Out For
For context, Albemarle Corp.’s Current Ratio is 2.84. On the other hand, the Quick Ratio is 1.91, and the Cash Ratio is 1.0. Considering the valuation of this stock, the price to sales ratio is 1.37, the price to book ratio is 1.24 and price to earnings (TTM) ratio is 35.57.
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.
