In the latest trading session,, 0.81 million Albemarle Corp (NYSE:ALB) shares changed hands as the company’s beta touched 1.62. With the company’s most recent per share price at $65.10 changing hands around $0.9 or 1.40% at last look, the market valuation stands at $7.66B. ALB’s current price is a discount, trading about -82.49% off its 52-week high of $118.80. The share price had its 52-week low at $49.43, which suggests the last value was 24.07% up since then.
Analysts gave the Albemarle Corp (ALB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.56. 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 (NYSE:ALB) trade information
Instantly ALB is in green as seen in intraday trades today. With action 9.05%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -24.37%, with the 5-day performance at 9.05% in the green. However, in the 30-day time frame, Albemarle Corp (NYSE:ALB) is 5.74% up.
The consensus price target for the stock as assigned by Wall Street analysts is 68, meaning bulls need an upside of 4.26% from its recent market value. According to analyst projections, ALB’s forecast low is 68 with 85 as the target high. To hit the forecast high, the stock’s price needs a -30.57% plunge from its current level, while the stock would need to soar -4.45% for it to hit the projected low.
The 2025 estimates are for Albemarle Corp earnings to increase by 36.01%.
ALB Dividends
Albemarle Corp is expected to release its next quarterly earnings report in July. The 2.48% annual yield figure for the share gives it an annual dividend of 1.62. It is important to note, however, that the 2.48% 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.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.4776% or 9.96 million shares worth $951.72 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were AMERICAN BALANCED FUND and GROWTH FUND OF AMERICA . With 4.19 shares estimated at $272.56 million under it, the former controlled 3.56% of total outstanding shares. On the other hand, GROWTH FUND OF AMERICA held about 3.39% of the shares, roughly 3.99 shares worth around $259.51 million.
