Albemarle Corp. [NYSE: ALB] price surged by 8.10 percent to reach at $7.51.
The one-year ALB stock forecast points to a potential upside of 30.95. The average equity rating for ALB stock is currently 2.10, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Albemarle Corp. [ALB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALB shares is $145.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALB stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Scotiabank have made an estimate for Albemarle Corp. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on May 22, 2024. While these analysts kept the previous recommendation, Berenberg raised their target price from $130 to $160. The new note on the price target was released on April 11, 2024, representing the official price target for Albemarle Corp. stock. Previously, the target price had yet another raise from $137 to $156, while BofA Securities kept a Buy rating on ALB stock.
The Average True Range (ATR) for Albemarle Corp. is set at 4.72, with the Price to Sales ratio for ALB stock in the period of the last 12 months amounting to 1.40. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 17.49.
ALB Stock Performance Analysis:
Albemarle Corp. [ALB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.74. With this latest performance, ALB shares dropped by -21.40% in over the last four-week period, additionally sinking by -33.19% over the last 6 months – not to mention a drop of -55.47% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALB stock in for the last two-week period is set at 36.63, with the RSI for the last a single of trading hit 39.21, and the three-weeks RSI is set at 37.70 for Albemarle Corp. [ALB]. The present Moving Average for the last 50 days of trading for this stock 118.16, while it was recorded at 95.58 for the last single week of trading, and 130.47 for the last 200 days.
Insight into Albemarle Corp. Fundamentals:
Albemarle Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.91 and a Current Ratio set at 2.84.
ALB Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Albemarle Corp. go to 15.02%.
Albemarle Corp. [ALB] Institutonal Ownership Details
The top three institutional holders of ALB stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ALB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ALB stock with ownership which is approximately 5.8386%.
