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The price of Albemarle Corp. (NYSE: ALB) closed at $88.98 in the last session, up 0.04% from day before closing price of $88.94. In other words, the price has increased by $0.04 from its previous closing price. On the day, 1.17 million shares were traded. ALB stock price reached its highest trading level at $89.69 during the session, while it also had its lowest trading level at $88.54.
Ratios:
We take a closer look at ALB’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.75 and its Current Ratio is at 2.67. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.32.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Robert W. Baird on August 05, 2024, Downgraded its rating to Neutral and sets its target price to $85 from $102 previously.
On July 31, 2024, Berenberg Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $160 to $83.
HSBC Securities Downgraded its Buy to Hold on July 17, 2024, while the target price for the stock was maintained at $95.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 14 ’24 when Mummert Mark Richard sold 843 shares for $135.53 per share. The transaction valued at 114,250 led to the insider holds 6,802 shares of the business.
Barichivich John Clarence III sold 1,475 shares of ALB for $194,951 on May 13 ’24. The VP, Controller & CAO now owns 4,743 shares after completing the transaction at $132.17 per share. On Nov 07 ’23, another insider, Coleman Kristin M., who serves as the EVP, General Counsel of the company, bought 1,373 shares for $121.86 each. As a result, the insider paid 167,314 and bolstered with 2,746 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALB now has a Market Capitalization of 10458086400 and an Enterprise Value of 14783070208. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.40 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 1.982 whereas that against EBITDA is -17.579.
Stock Price History:
Over the past 52 weeks, ALB has reached a high of $203.62, while it has fallen to a 52-week low of $71.97. The 50-Day Moving Average of the stock is -2.28%, while the 200-Day Moving Average is calculated to be -23.61%.
Shares Statistics:
According to the various share statistics, ALB traded on average about 3.21M shares per day over the past 3-months and 3121740 shares per day over the past 10 days. A total of 117.36M shares are outstanding, with a floating share count of 117.00M. Insiders hold about 0.45% of the company’s shares, while institutions hold 96.53% stake in the company. Shares short for ALB as of 1722384000 were 14485525 with a Short Ratio of 3.84, compared to 1719532800 on 15501556. Therefore, it implies a Short% of Shares Outstanding of 14485525 and a Short% of Float of 14.060001.
Dividends & Splits
The forward annual dividend rate for ALB is 1.60, which was 1.6 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.017989656The stock’s 5-year Average Dividend Yield is 1.18.
Earnings Estimates
The firm’s stock currently is rated by 18.0 analysts. The consensus estimate for the next quarter is -$0.01, with high estimates of $1.7 and low estimates of -$1.13.
Analysts are recommending an EPS of between $3.1 and -$1.47 for the fiscal current year, implying an average EPS of $0.32. EPS for the following year is $3.35, with 21.0 analysts recommending between $12.01 and -$2.7.
Revenue Estimates
According to 15 analysts, the current quarter’s revenue is expected to be $1.4B. It ranges from a high estimate of $1.56B to a low estimate of $1.19B. As of the current estimate, Albemarle Corp.’s year-ago sales were $2.51BFor the next quarter, 15 analysts are estimating revenue of $1.47B. There is a high estimate of $1.76B for the next quarter, whereas the lowest estimate is $1.3B.
A total of 22 analysts have provided revenue estimates for ALB’s current fiscal year. The highest revenue estimate was $6.11B, while the lowest revenue estimate was $5.12B, resulting in an average revenue estimate of $5.6B. In the same quarter a year ago, actual revenue was $9.62BBased on 22 analysts’ estimates, the company’s revenue will be $6.25B in the next fiscal year. The high estimate is $7.96B and the low estimate is $5.33B.
