Albemarle Corp [ALB] stock is trading at $97.49, up 3.36%. 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 12.67% over the last week, with a monthly amount drifted -2.06%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Albemarle Corp [NYSE: ALB] stock has seen the most recent analyst activity on January 14, 2025, when Clarksons Platou initiated its Buy rating and assigned the stock a price target of $112. Previously, Robert W. Baird downgraded its rating to Neutral on August 05, 2024, and dropped its price target to $85. On July 31, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $83 on the stock. HSBC Securities downgraded its rating to a Hold but stick to its price target of $95 on July 17, 2024. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $100 on July 11, 2024. Scotiabank downgraded its rating to Sector Perform for this stock on May 22, 2024, and downed its price target to $135. In a note dated April 11, 2024, Berenberg upgraded an Buy rating on this stock and boosted its target price from $130 to $160.
Albemarle Corp [ALB] stock has fluctuated between $71.97 and $143.19 over the past year. Currently, Wall Street analysts expect the stock to reach $116.67 within the next 12 months. Albemarle Corp [NYSE: ALB] shares were valued at $97.49 at the most recent close of the market. An investor can expect a potential return of 19.67% based on the average ALB price forecast.
Analyzing the ALB fundamentals
Albemarle Corp [NYSE:ALB] reported sales of 6.50B for the trailing twelve months, which represents a drop of -41.37%. Gross Profit Margin for this corporation currently stands at -0.12% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.35.
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 95.44 points at the first support level, and at 93.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.30, and for the 2nd resistance point, it is at 101.11.
Ratios To Look Out For
For context, Albemarle Corp’s Current Ratio is 2.44. As well, the Quick Ratio is 1.58, while the Cash Ratio is 0.87. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 1.43.
Transactions by insiders
Recent insider trading involved Masters J Kent, Chairman & CEO, that happened on Dec 05 ’24 when 2525.0 shares were sold. Officer, Jerry Kent Masters Jr. completed a deal on Dec 05 ’24 to buy 2525.0 shares. Meanwhile, Chief Operations Officer Johnson Netha N. sold 1060.0 shares on Nov 19 ’24.
