At the time of writing, Albemarle Corp. [ALB] stock is trading at $94.71, down -1.40%. 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 6.76% over the last week, with a monthly amount glided 3.34%, and 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 August 05, 2024, when Robert W. Baird downgraded its rating to a Neutral and also revised its price target to $85 from $102. Previously, Berenberg downgraded its rating to Hold on July 31, 2024, and dropped its price target to $83. On July 17, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $95 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $100 on July 11, 2024. Scotiabank downgraded its rating to a Sector Perform and reduced its price target to $135 on May 22, 2024. Berenberg upgraded its rating to Buy for this stock on April 11, 2024, and upped its price target to $160. In a note dated April 10, 2024, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $137 to $156.
For the past year, the stock price of Albemarle Corp. fluctuated between $71.97 and $177.52. Currently, Wall Street analysts expect the stock to reach $183.85 within the next 12 months. Albemarle Corp. [NYSE: ALB] shares were valued at $94.71 at the most recent close of the market. An investor can expect a potential return of 94.12% based on the average ALB price forecast.
Analyzing the ALB fundamentals
According to Albemarle Corp. [NYSE:ALB], the company’s sales were 7.46B for trailing twelve months, which represents an -39.65% plunge. Gross Profit Margin for this corporation currently stands at -0.08% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.05 and Total Capital is -0.08. 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 93.24 points at the first support level, and at 91.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.14, and for the 2nd resistance point, it is at 99.57.
Ratios To Look Out For
It is important to note that Albemarle Corp. [NYSE:ALB] has a current ratio of 2.67. As well, the Quick Ratio is 1.75, while the Cash Ratio is 0.93. Considering the valuation of this stock, the price to sales ratio is 1.49, the price to book ratio is 1.24.
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.
