In last trading session, Albemarle Corp (NYSE:ALB) saw 3.7 million shares changing hands with its beta currently measuring 1.76. Company’s recent per share price level of $55.64 trading at $0.87 or 1.59% at ring of the bell on the day assigns it a market valuation of $6.55B. That closing price of ALB’s stock is at a discount of -147.12% from its 52-week high price of $137.50 and is indicating a premium of 11.16% from its 52-week low price of $49.43. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.64 million shares which gives us an average trading volume of 3.12 million if we extend that period to 3-months.
For Albemarle Corp (ALB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.45. Splitting up the data highlights that, out of 19 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 11 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.67 in the current quarter.
Albemarle Corp (NYSE:ALB) trade information
Upright in the green during last session for gaining 1.59%, in the last five days ALB remained trading in the green while hitting it’s week-highest on Wednesday, 04/23/25 when the stock touched $55.64 price level, adding 7.14% to its value on the day. Albemarle Corp’s shares saw a change of -35.36% in year-to-date performance and have moved 3.02% in past 5-day. Albemarle Corp (NYSE:ALB) showed a performance of -28.25% in past 30-days. Number of shares sold short was 12.97 million shares which calculate 4.93 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 93.5 to the stock, which implies a rise of 40.49% to its current value. Analysts have been projecting 68 as a low price target for the stock while placing it at a high target of 127. It follows that stock’s current price would drop -22.21% in reaching the projected high whereas dropping to the targeted low would mean a loss of -22.21% for stock’s current value.
Albemarle Corp (ALB) estimates and forecasts
This year revenue growth is estimated to fall -6.90% from the last financial year’s standing.
17 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.16B for the same. And 16 analysts are in estimates of company making revenue of 1.24B in the next quarter. Company posted 1.36B and 1.43B of sales in current and next quarters respectively a year earlier.
ALB Dividends
Albemarle Corp is more likely to be releasing its next quarterly report on 2025-Feb-11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.90%, the share has a forward dividend of 1.61 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.13%.
Albemarle Corp (NYSE:ALB)’s Major holders
Insiders are in possession of 0.38% of company’s total shares while institution are holding 99.37 percent of that, with stock having share float percentage of 99.75%. Investors also watch the number of corporate investors in a company very closely, which is 99.37% institutions for Albemarle Corp that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at ALB for having 14.31 million shares of worth $1.37 billion. And as of 2024-06-30, it was holding 12.1776 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 9.96 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.4776 of outstanding shares, having a total worth of $951.72 million.
On the other hand, AMERICAN BALANCED FUND and GROWTH FUND OF AMERICA are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 4.19 shares of worth $233.37 million or 3.56% of the total outstanding shares. The later fund manager was in possession of 3.99 shares on Mar 31, 2025 , making its stake of worth around $222.19 million in the company or a holder of 3.39% of company’s stock.
