Albemarle Corp. [NYSE: ALB] loss -3.64% on the last trading session, reaching $94.67 price per share at the time.
If compared to the average trading volume of 2.92M shares, ALB reached a trading volume of 2989999 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about 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 $108.38 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 2.43. 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.
Robert W. Baird have made an estimate for Albemarle Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 05, 2024. While these analysts kept the previous recommendation, Berenberg raised their target price from $160 to $83. The new note on the price target was released on July 31, 2024, representing the official price target for Albemarle Corp. stock. Previously, the target price had yet another raise to $95, while HSBC Securities analysts kept a Hold rating on ALB stock. On July 11, 2024, analysts decreased their price target for ALB shares from 145 to 100.
The Average True Range (ATR) for Albemarle Corp. is set at 4.42, with the Price to Sales ratio for ALB stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 15.57.
Trading performance analysis for ALB stock
Albemarle Corp. [ALB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.05. With this latest performance, ALB shares gained by 9.33% in over the last four-week period, additionally sinking by -15.32% over the last 6 months – not to mention a drop of -44.14% 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 49.63, with the RSI for the last a single of trading hit 45.12, and the three-weeks RSI is set at 50.94 for Albemarle Corp. [ALB]. The present Moving Average for the last 50 days of trading for this stock 89.14, while it was recorded at 98.06 for the last single week of trading, and 109.10 for the last 200 days.
Albemarle Corp. [ALB]: A deeper dive into fundamental analysis
Albemarle Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.75 and a Current Ratio set at 2.67.
Albemarle Corp. [ALB]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Albemarle Corp. posted 2.74/share EPS, while the average EPS was predicted by analysts to be reported at 3.99/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.25. 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.
An analysis of Institutional ownership at Albemarle Corp. [ALB]
There are presently around $95.15%, or 95.48%% of ALB stock, in the hands of institutional investors. The top three institutional holders of ALB stocks are: VANGUARD GROUP INC with ownership of 14.31 million shares, which is approximately 12.1856%. BLACKROCK INC., holding 9.96 million shares of the stock with an approximate value of $$951.72 million in ALB stocks shares; and BLACKROCK INC., currently with $$684.77 million in ALB stock with ownership which is approximately 6.1036%.
