While Albemarle Corp. has overperformed by 1.71%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ALB fell by -34.27%, with highs and lows ranging from $247.44 to $106.69, whereas the simple moving average fell by -23.81% in the last 200 days.
On April 11, 2024, Berenberg Upgraded Albemarle Corp. (NYSE: ALB) to Buy. A report published by BofA Securities on April 10, 2024, Upgraded its rating to ‘Buy’ for ALB. Vertical Research also Downgraded ALB shares as ‘Hold’, setting a target price of $145 on the company’s shares in a report dated March 08, 2024. Citigroup February 09, 2024d its ‘Buy’ rating to ‘Neutral’ for ALB, as published in its report on February 09, 2024. TD Cowen’s report from January 29, 2024 suggests a price prediction of $130 for ALB shares, giving the stock a ‘Market Perform’ rating. Deutsche Bank also rated the stock as ‘Hold’.
Analysis of Albemarle Corp. (ALB)
Investors in Albemarle Corp. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.60 per share. Further, the quarter-over-quarter decrease in sales is -10.10%, showing a negative trend in the upcoming months.
One of the most important indicators of Albemarle Corp.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 18.09% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.86, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ALB is recording 3.43M average volume. On a monthly basis, the volatility of the stock is set at 4.67%, whereas on a weekly basis, it is put at 4.09%, with a gain of 0.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $144.95, showing growth from the present price of $114.21, which can serve as yet another indication of whether ALB is worth investing in or should be passed over.
How Do You Analyze Albemarle Corp. Shares?
The Specialty Chemicals market is dominated by Albemarle Corp. (ALB) based in the USA. When comparing Albemarle Corp. shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 8.56, there is a growth in quarterly earnings of -154.81%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.42%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.01% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ALB shares are owned by institutional investors to the tune of 95.01% at present.
