Albemarle Corporation (NYSE: ALB) is 21.44% higher on its value in year-to-date trading and has touched a low of $169.93 and a high of $334.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALB stock was last observed hovering at around $283.09 in the last trading session, with the day’s gains setting it 0.81% off its average median price target of $322.50 for the next 12 months. It is also 38.42% off the consensus price target high of $461.00 offered by 25 analysts, but current levels are -95.79% lower than the price target low of $145.00 for the same period.
Currently trading at $283.90, the stock is -1.89% and 1.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 0.29% at the moment leaves the stock 18.50% off its SMA200. ALB registered 3.18% gain for a year compared to 6-month gain of 19.53%.
The stock witnessed a 0.88% loss in the last 1 month and extending the period to 3 months gives it a -3.98%, and is -1.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.65% over the week and 4.56% over the month.
Albemarle Corporation (ALB) has around 6000 employees, a market worth around $33.32B and $5.59B in sales. Current P/E ratio is 21.53 and Fwd P/E is 10.20. Profit margin for the company is 27.80%. Distance from 52-week low is 67.07% and -15.14% from its 52-week high. The company has generated returns on investments over the last 12 months (9.50%).
Albemarle Corporation (ALB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Albemarle Corporation (ALB) is a “Overweight”. 25 analysts offering their recommendations for the stock have an average rating of 2.40, where 9 rate it as a Hold and 3 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Albemarle Corporation is expected to release its quarterly report on 02/15/2023.The EPS is expected to shrink by -69.80% this year
Albemarle Corporation (ALB) Top Institutional Holders
The shares outstanding are 117.14M, and float is at 116.96M with Short Float at 1.83%.
Albemarle Corporation (ALB) Insider Activity
A total of 22 insider transactions have happened at Albemarle Corporation (ALB) in the last six months, with sales accounting for 12 and purchases happening 10 times. The most recent transaction is an insider sale by NARWOLD KAREN G, the company’s EVP, Chief Admin Officer. SEC filings show that NARWOLD KAREN G sold 9,072 shares of the company’s common stock on Nov 11 at a price of $322.26 per share for a total of $2.92 million. Following the sale, the insider now owns 8507.0 shares.
Albemarle Corporation disclosed in a document filed with the SEC on Nov 08 that Norris Eric (President, Lithium) sold a total of 2,390 shares of the company’s common stock. The trade occurred on Nov 08 and was made at $307.80 per share for $0.74 million. Following the transaction, the insider now directly holds 15564.0 shares of the ALB stock.
Still, SEC filings show that on Nov 01, NARWOLD KAREN G (EVP, Chief Admin Officer) disposed off 2,250 shares at an average price of $285.66 for $0.64 million. The insider now directly holds 11,444 shares of Albemarle Corporation (ALB).
Albemarle Corporation (ALB): Who are the competitors?
The company’s main competitors (and peers) include Avantor Inc. (AVTR) that is trading -44.95% down over the past 12 months.