Albemarle Corporation (NYSE:ALB) saw a downside of -1.67% to close Thursday at $215.32 after subtracting -$3.65 on the day. The 5-day average trading volume is 841,516 shares of the company’s common stock. It has gained $228.85 in the past week and touched a new high 2 times within the past 5 days. An average of 1,233,864 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,311,818.
ALB’s 1-month performance is -7.51% or -$25.27 on its low of $210.24 reached on 09/20/21. The company’s shares have touched a 52-week low of $84.57 and high of $253.10, with the stock’s rally to the 52-week high happening on 09/10/21. YTD, ALB has achieved 48.43% or $66.41 and has reached a new high 17 times. However, the current price is down -14.93%% from the 52-week high price.
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On Sep 08, 23 days have gone by since the last insider trading activity for Albemarle Corporation (ALB). NARWOLD KAREN G (EVP, Chief Admin Officer) most recently sold 1,337 shares at $243.75 per share on Sep 08. This transaction cost the insider $325,894. EVP, Chief Admin Officer, NARWOLD KAREN G, sold 8,811 shares at a price of $235.09 on Aug 13. Then, on Aug 13, President, Lithium Norris Eric sold 4,017 shares at a price of $237.26 per share. This transaction amounted to $953,073.
The company’s PE ratio for the last five years has touched a high of 305.44 and a low of 9.891. ALB stock has a beta of 1.59. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.03 while the price-to-book (PB) in the most recent quarter is 4.15.
Albemarle Corporation pays an annual dividend of $1.56 per share. Its dividend yield is 0.72% and the payout ratio is 24.90%. ALB’s most recent quarterly dividend payment was made on Oct. 1, when it paid $0.39 a share compared with prior rate of $0.39, down 0.0% from last year’s. The company has boosted its dividend for the last 27 consecutive years with the latest dividend increase of $0.0050 reported on Thursday February 25 2021. Measured over the last 3 years, the Dividend has been growing by 20.31% yearly.
It is projected that Albemarle Corporation’s next ex-dividend date will be on 13-Dec. ALB is expected to distribute $0.39 as its next dividend.
Albemarle Corporation’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 2.20 meaning that ALB stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.33, while the total debt to equity was 0.33. In terms of profitability, the gross margin trailing 12 months is 31.90%The trailing 12-month EBITDA margin is 24.22% while for the period ending June 29; Albemarle Corporation’s operating margin was 28.90%. The firm’s gross profit as reported stood at $994.85 million against revenue of $3.13 billion.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Albemarle Corporation’s return on assets over the past 12 months stands at 6.70%. Return on investment over the past year is 5.60%, while its return on equity (ROE) trailing 12 months is 13.90%. In comparison, the average ROE for the broader industry over the past year is 9.79.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected ALB to announce $0.84 per share in earnings in its latest quarter, but it posted $0.89, representing a 6.00% surprise. EBITDA for the quarter stood at more than $603.76 million. ALB stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.43 billion, with total debt at $2.22 billion. Shareholders hold equity totaling $116.95 million
Let’s look briefly at Albemarle Corporation (ALB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 30 September was 34.76% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.33%.
The stock’s 5-day moving average is $218.11, reflecting a -5.51% or -$12.47 change from its current price. ALB is currently trading -12.33% above its 20-day SMA, +33.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +10.98% and +55.09% respectively.
Stochastic %K and %D was 20.27% and 20.56% and the average true range (ATR) pointed at 8.62. The RSI (14) points at 40.28%, while the 14-day stochastic is at 14.00% with the period’s ATR at 8.70. The stock’s 9-day MACD Oscillator is pointing at -3.36 and -5.85 on the 14-day charts.
In the most recent analyst report for Albemarle Corporation (NYSE: ALB), Berenberg upgraded it to a Buy rating. They previously had a Sell rating on the stock. Analysts offering their rating for ALB stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate ALB as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 11 have offered a “buy” rating.
What is ALB’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $80.00 and a high of $300.00, with their median price target at $254.00. Looking at these predictions, the average price target given by analysts is for Albemarle Corporation (ALB) stock is $238.25.