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The price of Albemarle Corp. (NYSE: ALB) closed at $112.29 in the last session, up 0.12% from day before closing price of $112.15. In other words, the price has increased by $0.12 from its previous closing price. On the day, 2.28 million shares were traded. ALB stock price reached its highest trading level at $113.78 during the session, while it also had its lowest trading level at $108.3.
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 0.86 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.39.
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, Berenberg on April 11, 2024, Upgraded its rating to Buy and sets its target price to $160 from $130 previously.
On April 10, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $137 to $156.
Vertical Research Downgraded its Buy to Hold on March 08, 2024, while the target price for the stock was maintained at $145.
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 Nov 07 ’23 when Coleman Kristin M. bought 1,373 shares for $121.86 per share. The transaction valued at 167,314 led to the insider holds 2,746 shares of the business.
Norris Eric bought 1,260 shares of ALB for $246,317 on May 10 ’23. The President, Energy Storage now owns 26,596 shares after completing the transaction at $195.49 per share. On May 05 ’23, another insider, Masters J Kent, who serves as the Chairman & CEO of the company, bought 5,470 shares for $181.64 each. As a result, the insider paid 993,571 and bolstered with 51,466 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 13196881920 and an Enterprise Value of 16857223168. As of this moment, Albemarle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.42, and their Forward P/E ratio for the next fiscal year is 13.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.37 while its Price-to-Book (P/B) ratio in mrq is 1.40. Its current Enterprise Value per Revenue stands at 1.753 whereas that against EBITDA is 18.791.
Stock Price History:
The Beta on a monthly basis for ALB is 1.67, which has changed by -0.36437225 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, ALB has reached a high of $247.44, while it has fallen to a 52-week low of $106.69. The 50-Day Moving Average of the stock is -8.38%, while the 200-Day Moving Average is calculated to be -25.38%.
Shares Statistics:
According to the various share statistics, ALB traded on average about 3.46M shares per day over the past 3-months and 2656390 shares per day over the past 10 days. A total of 117.36M shares are outstanding, with a floating share count of 117.03M. Insiders hold about 0.42% of the company’s shares, while institutions hold 94.96% stake in the company. Shares short for ALB as of 1711584000 were 14625869 with a Short Ratio of 4.23, compared to 1709164800 on 11009275. Therefore, it implies a Short% of Shares Outstanding of 14625869 and a Short% of Float of 14.2.
Dividends & Splits
The forward annual dividend rate for ALB is 1.60, which was 1.6 in the trailing 12 months. The stock’s 5-year Average Dividend Yield is 1.21. The current Payout Ratio is 11.98% for ALB, which recently paid a dividend on 2024-03-14 with an ex-dividend date of 1710374400. Stock splits for the company last occurred on 2007-03-02 when the company split stock in a 2:1 ratio.
Earnings Estimates
The current rating of Albemarle Corp. (ALB) is the result of assessments by 20 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of $0.27 for the current quarter, with a high estimate of $2.32 and a low estimate of $-0.66, while EPS last year was $10.32. The consensus estimate for the next quarter is $0.52, with high estimates of $1.61 and low estimates of $-0.17.
Analysts are recommending an EPS of between $15.5 and $0.07 for the fiscal current year, implying an average EPS of $3.97. EPS for the following year is $8.9, with 25 analysts recommending between $27.86 and $2.07.
Revenue Estimates
According to 15 analysts, the current quarter’s revenue is expected to be $1.31B. It ranges from a high estimate of $1.5B to a low estimate of $1.13B. As of the current estimate, Albemarle Corp.’s year-ago sales were $2.73B, an estimated decrease of -52.00% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $1.4B, a decrease of -42.30% over than the figure of $-52.00% in the same quarter last year. There is a high estimate of $1.65B for the next quarter, whereas the lowest estimate is $1.17B.
A total of 26 analysts have provided revenue estimates for ALB’s current fiscal year. The highest revenue estimate was $7.34B, while the lowest revenue estimate was $5.12B, resulting in an average revenue estimate of $5.97B. In the same quarter a year ago, actual revenue was $9.62B, down -37.90% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $7.18B in the next fiscal year. The high estimate is $11.14B and the low estimate is $5.84B. The average revenue growth estimate for next year is up 20.20% from the average revenue estimate for this year.
