Albemarle Corp [NYSE: ALB] gained 7.21% or 4.72 points to close at $70.22 with a heavy trading volume of 7273354 shares.
It opened the trading session at $66.03, the shares rose to $72.17 and dropped to $65.95, the range by which the price of stock traded the whole day. The daily chart for ALB points out that the company has recorded -17.61% loss over the past six months.
If we look at the average trading volume of 3.62M shares, ALB reached to a volume of 7273354 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $74.48 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 2.52. 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.
Evercore ISI have made an estimate for Albemarle Corp shares, keeping their opinion on the stock as In-line, with their previous recommendation back on February 05, 2025. While these analysts kept the previous recommendation, Truist raised their target price to Hold. The new note on the price target was released on January 28, 2025, representing the official price target for Albemarle Corp stock. Previously, the target price had yet another raise to $112, while Clarksons Platou analysts kept a Buy rating on ALB stock. On August 05, 2024, analysts decreased their price target for ALB shares from 102 to 85.
The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 12.91.
Trading performance analysis for ALB stock
Albemarle Corp [ALB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.05. With this latest performance, ALB shares gained by 19.75% in over the last four-week period, additionally sinking by -17.61% over the last 6 months – not to mention a drop of -18.42% in the past year of trading.
Albemarle Corp [ALB]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Albemarle Corp [ALB] shares currently have an operating margin of -9.21% and a Gross Margin at 3.49%. Albemarle Corp’s Net Margin is presently recorded at -25.67%.
Return on Equity for this stock declined to -6.33%, with Return on Assets sitting at -6.33%.
An analysis of Institutional ownership at Albemarle Corp [ALB]
There are presently around $98.37%, or 98.77% 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 12.1776%. 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 6.0996%.
