Albemarle Corp. [ALB] stock prices are down -0.53% to $93.17 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ALB shares have gain 2.38% over the last week, with a monthly amount drifted -4.01%, 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 31, 2024, when Berenberg downgraded its rating to a Hold and also revised its price target to $83 from $160. Previously, HSBC Securities downgraded its rating to Hold on July 17, 2024, and kept the price target unchanged to $95. On July 11, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $100 on the stock. Scotiabank downgraded its rating to a Sector Perform and decreased its price target to $135 on May 22, 2024. Berenberg upgraded its rating to a Buy and raised its price target to $160 on April 11, 2024. BofA Securities upgraded its rating to Buy for this stock on April 10, 2024, and upped its price target to $156. In a note dated March 08, 2024, Vertical Research downgraded an Hold rating on this stock but restated the target price of $145.
The stock price of Albemarle Corp. [ALB] has been fluctuating between $90.02 and $214.99 over the past year. Currently, Wall Street analysts expect the stock to reach $206.11 within the next 12 months. Albemarle Corp. [NYSE: ALB] shares were valued at $93.17 at the most recent close of the market. An investor can expect a potential return of 121.22% based on the average ALB price forecast.
Analyzing the ALB fundamentals
The Albemarle Corp. [NYSE:ALB] reported sales of 8.40B for trailing twelve months, representing a drop of -47.26%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.07 and Total Capital is -0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.31.
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 90.21 points at the first support level, and at 87.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.80, and for the 2nd resistance point, it is at 102.43.
Ratios To Look Out For
It’s worth pointing out that Albemarle Corp. [NYSE:ALB]’s Current Ratio is 2.84. Also, the Quick Ratio is 1.91, while the Cash Ratio stands at 0.93. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 33.92.
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.
