Albemarle Corp [ALB] stock prices are up 5.24% to $108.19 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ALB shares have gain 12.02% over the last week, with a monthly amount glided 13.00%, 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.
The stock price of Albemarle Corp [ALB] has been fluctuating between $71.97 and $153.54 over the past year. Currently, Wall Street analysts expect the stock to reach $184.55 within the next 12 months. Albemarle Corp [NYSE: ALB] shares were valued at $108.19 at the most recent close of the market. An investor can expect a potential return of 70.58% based on the average ALB price forecast.
Analyzing the ALB fundamentals
The Albemarle Corp [NYSE:ALB] reported sales of 6.50B for trailing twelve months, representing a drop of -41.37%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.36%, Pretax Profit Margin comes in at -0.42%, and Net Profit Margin reading is -0.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.18 and Total Capital is -0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.35.
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 106.60 points at the first support level, and at 105.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 110.59, and for the 2nd resistance point, it is at 112.98.
Ratios To Look Out For
It’s worth pointing out that Albemarle Corp [NYSE:ALB]’s Current Ratio is 2.44. On the other hand, the Quick Ratio is 1.58, and the Cash Ratio is 0.87. Considering the valuation of this stock, the price to sales ratio is 1.96, the price to book ratio is 1.59.
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.
