A share price of Albemarle Corp. [ALB] is currently trading at $90.88, down -0.66%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ALB shares have lost -4.42% over the last week, with a monthly amount drifted -5.73%, 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 17, 2024, when HSBC Securities downgraded its rating to a Hold but kept the price target unchanged to $95 for it. Previously, Wells Fargo downgraded its rating to Equal Weight on July 11, 2024, and dropped its price target to $100. On May 22, 2024, downgrade downgraded it’s rating to Sector Perform and revised its price target to $135 on the stock. Berenberg upgraded its rating to a Buy and increased its price target to $160 on April 11, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $156 on April 10, 2024. Vertical Research downgraded its rating to Hold for this stock on March 08, 2024, but kept the price target unchanged to $145. In a note dated March 01, 2024, Wolfe Research initiated an Peer Perform rating.
Albemarle Corp. experienced fluctuations in its stock price throughout the past year between $90.02 and $217.77. Currently, Wall Street analysts expect the stock to reach $210.16 within the next 12 months. Albemarle Corp. [NYSE: ALB] shares were valued at $90.88 at the most recent close of the market. An investor can expect a potential return of 131.25% 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. 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 90.03 points at the first support level, and at 89.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.45, and for the 2nd resistance point, it is at 94.02.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Albemarle Corp. [NYSE:ALB] is 2.84. As well, the Quick Ratio is 1.91, while the Cash Ratio is 1.0. Considering the valuation of this stock, the price to sales ratio is 1.27, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 33.08.
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.
