Does Wall Street Rate Albemarle Corporation (ALB) Shares A Buy?

As of Friday close, Albemarle Corporation’s (NYSE:ALB) stock was up $3.1, moving up 1.32 percent to $237.99. The average number of shares traded per day over the past five days has been 1,402,060 shares. 3 times new highs have been achieved over the past 5 days, with a -$6.32 fall in that time frame. In the last twenty days, the average volume was 1,042,000, while in the previous 50 days, it was 1,354,886.

Since last month, ALB stock rose 17.24%. Shares of the company fell to $189.25 on 07/13/22, the lowest level in the past month. A 52-week high of $291.48 was reached on 05/27/22 after having rallying from a 52-week low of $169.93. Since the beginning of this year, ALB’s stock price has risen by 1.81% or $4.22, and marked a new high 6 times. However, the stock has declined by -18.35% since its 52-week high.

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Albemarle Corporation (ALB) last reported insider trading activity 169 days ago on Feb 18. Johnson Netha N., the President, Bromine Specialties of the company, purchased of 1,060 shares for $187.81 on Feb 18. It resulted in a $199,074 investment by the insider. Masters J Kent added 5,241 shares at an average price of $190.80 on Feb 18. The insider now owns 15,872 shares following the transaction. On Jan 05, EVP, Chief Admin Officer NARWOLD KAREN G sold 2,308 shares at $239.94 apiece. The transaction was valued at $553,782.

Valuation Metrics

Right now, Albemarle Corporation (ALB) has a P/E ratio of about 100.08. The stock’s beta is 1.57. Besides these, the trailing price-to-sales (P/S) ratio of 7.37, the price-to-book (PB) ratio of 4.78.

The latest dividend of $0.3950 per share was paid out, remained unchanged from last year’s $0.3950. On Thursday February 24 2022, a $0.0050 dividend increase was announced.

Financial Health

In the three months ended March 30, Albemarle Corporation’s quick ratio stood at 0.60, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.34, and the total debt-to-equity ratio was 0.43. On the profitability front, the trailing twelve-month gross margin is 32.60% percent. In the year ended March 30, operating margins totaled 26.50%. Based on annual data, ALB earned $997.97 million in gross profit and brought in $3.33 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.50%. Return on equity (ROE) for the past 12 months was 4.80%.

In Albemarle Corporation’s quarter-end financial report for March 30, it reported total debt of $3.21 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ALB’s revenue rose 47.69% to $1.13 billion during the quarter, while net income inched up to $1.48 billion. While analysts expected Albemarle Corporation to report $1.63 quarterly earnings, the actual figure was $2.38 per share, beating the consensus estimate by 46.00%. During the quarter, the company generated $505.09 million in EBITDA. The liabilities of Albemarle Corporation were 6.22 billion at the end of its most recent quarter ended March 30, and its total debt was $2.64 billion. The value of shareholders’ equity is $117.13 million.

Technical Picture

This quick technical analysis looks at Albemarle Corporation’s (ALB) price momentum. With a historical volatility rate of 33.82%, the RSI 9-day stood at 61.44% on 05 August.

With respect to its five-day moving average, the current Albemarle Corporation price is down by -2.59% percent or -$6.32. At present, ALB shares trade +15.57% above its 20-day simple moving average and +35.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.12% below its SMA50 and +0.86% above its SMA200.

Stochastic coefficient K was 75.32% and Stochastic coefficient D was 82.94%, while ATR was 10.16. Given the Stochastic reading of 71.81% for the 14-day period, the RSI (14) reading has been calculated as 59.54%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at 5.91.

Analyst Ratings

KeyBanc Capital Markets upgraded its rating on Albemarle Corporation (NYSE: ALB) to a Sector weight in a note to investors on July 20, 2022. The analysts firm previously had an Underweight rating on the stock.Albemarle Corporation (ALB) has been rated Overweight by analysts. According to 2 brokerage firms, ALB is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Albemarle Corporation stock as buy, with 13 recommending it as overweight.

With a median target price of $285.00, the current consensus forecast for the stock is $135.00 – $440.00. Based on these forecasts, analysts predict Albemarle Corporation (ALB) will achieve an average price target of $289.76.


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