In the last trading session, 1.93 million Albemarle Corp (NYSE:ALB) shares changed hands as the company’s beta touched 1.56. With the company’s per share price at $78.50 changed hands at -$0.84 or -1.06% during last session, the market valuation stood at $9.23B. ALB’s last price was a discount, traded about -75.16% off its 52-week high of $137.50. The share price had its 52-week low at $67.23, which suggests the last value was 14.36% up since then. When we look at Albemarle Corp’s average trading volume, we note the 10-day average is 2.74 million shares, with the 3-month average coming to 2.53 million.
Analysts gave the Albemarle Corp (ALB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.45. If we narrow down to specifics, the data shows that 2 out of 19 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended ALB as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Albemarle Corp’s EPS for the current quarter is expected to be -0.58.
Albemarle Corp (NYSE:ALB) trade information
Instantly ALB was in red as seen at the end of in last trading. With action 8.02%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -8.81%, with the 5-day performance at 8.02% in the green. However, in the 30-day time frame, Albemarle Corp (NYSE:ALB) is -3.34% down. Looking at the short shares, we see there were 12.01 million shares sold at short interest cover period of 4.43 days.
The consensus price target for the stock as assigned by Wall Street analysts is 102, meaning bulls need an upside of 23.04% from its current market value. According to analyst projections, ALB’s forecast low is 68 with 127 as the target high. To hit the forecast high, the stock’s price needs a -61.78% plunge from its current level, while the stock would need to tank 13.38% for it to hit the projected low.
Albemarle Corp (ALB) estimates and forecasts
Year-over-year growth is forecast to reach -5.29% down from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 1.18B. 16 analysts are of the opinion that Albemarle Corp’s revenue for the current quarter will be 1.25B. The company’s revenue for the corresponding quarters a year ago was 1.36B and 1.43B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -13.43%. The estimates for the next quarter sales put growth at -12.40%.
The 2025 estimates are for Albemarle Corp earnings to increase by 61.14%.
ALB Dividends
Albemarle Corp is expected to release its next quarterly earnings report on 2025-Feb-11. The 2.06% annual yield figure for the share gives it an annual dividend of 1.61. It is important to note, however, that the 2.06% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.14 per year.
Albemarle Corp (NYSE:ALB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.36% of Albemarle Corp shares while 99.41% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.77%. There are 99.41% institutions holding the Albemarle Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.1856% of the shares, roughly 14.31 million ALB shares worth $1.37 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.4832% or 9.96 million shares worth $951.72 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were American Balanced Fund and Growth Fund of America Inc . With 4.45 shares estimated at $349.05 million under it, the former controlled 3.78% of total outstanding shares. On the other hand, Growth Fund of America Inc held about 3.40% of the shares, roughly 4.0 shares worth around $314.0 million.
