Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Albemarle Corp. (NYSE: ALB) closed the day trading at $119.00 down -1.09% from the previous closing price of $120.31. In other words, the price has decreased by -$1.09 from its previous closing price. On the day, 2.7 million shares were traded. ALB stock price reached its highest trading level at $123.06 during the session, while it also had its lowest trading level at $117.74.
Ratios:
For a better understanding of ALB, let’s look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 13985474560 and an Enterprise Value of 17644996608. As of this moment, Albemarle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.92, and their Forward P/E ratio for the next fiscal year is 14.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 1.835 whereas that against EBITDA is 19.67.
Stock Price History:
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 -2.95%, while the 200-Day Moving Average is calculated to be -18.64%.
Shares Statistics:
Over the past 3-months, ALB traded about 3.45M shares per day on average, while over the past 10 days, ALB traded about 2376960 shares per day. 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 95.08% stake in the company. Shares short for ALB as of 1713139200 were 13725449 with a Short Ratio of 3.97, compared to 1710460800 on 14132892. Therefore, it implies a Short% of Shares Outstanding of 13725449 and a Short% of Float of 13.33.
Dividends & Splits
ALB’s forward annual dividend rate is 1.60, up from 1.6 a year ago. Against a Trailing Annual Dividend Yield of 0.013298978The stock’s 5-year Average Dividend Yield is 1.2.
Earnings Estimates
The stock of Albemarle Corp. (ALB) is currently drawing attention from 20.0 analysts actively involved in the ongoing evaluation and rating process.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 25.0 analysts recommending between $27.86 and $2.07.
Revenue Estimates
15 analysts predict $1.31B in revenue for the current quarter. 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 $2.73BFor the next quarter, 15 analysts are estimating revenue of $1.4B. 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 $9.62BBased 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.
