Albemarle Corporation (ALB): What Does Valuation Ratios Tell Us?

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Albemarle Corporation (NYSE:ALB) saw a downside of -1.40% to $257.00 after subtracting -$3.64 on Tuesday. The 5-day average trading volume is 1,309,795 shares of the company’s common stock. It has gained $270.00 in the past week and touched a new high 3 times within the past 5 days. An average of 1,433,104 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,470,263.

ALB’s 1-month performance is 11.62% or $29.16 on its low of $208.57 reached on 01/03/23. The company’s shares have touched a 52-week low of $169.93 and high of $334.55, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, ALB has achieved 20.19% or $39.26 and has reached a new high 9 times. However, the current price is down -23.18% from the 52-week high price.

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Insider Transactions

ALB stock investors last saw insider trading activity on Jan 06.Tozier Scott (EVP & CFO) most recently sold 1,719 shares at $220.00 per share on Jan 06. This transaction cost the insider $378,180. EVP, Chief Admin Officer, NARWOLD KAREN G, sold 2,250 shares at a price of $280.25 on Dec 01. Then, on Nov 11, EVP, Chief Admin Officer NARWOLD KAREN G sold 9,072 shares at a price of $322.26 per share. This transaction amounted to $2,923,543.

Valuation Metrics

ALB stock has a beta of 1.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.25 while the price-to-book (PB) in the most recent quarter is 4.53.

Albemarle Corporation’s quick ratio for the period ended September 29 was 1.10, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.46, while the total debt to equity was 0.50. In terms of profitability, the gross margin trailing 12 months is 41.40%. The firm’s gross profit as reported stood at $997.97 million against revenue of $3.33 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 143.78% to $897.22 million, while revenue of $406.77 million was 54.66% off the previous quarter. Analysts expected ALB to announce $6.99 per share in earnings in its latest quarter, but it posted $7.5, representing a 7.30% surprise. EBITDA for the quarter stood at more than $968.69 million. ALB stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 6.86 billion, with total debt at $3.5 billion. Shareholders hold equity totaling $117.15 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 23 January was 67.85% to suggest the stock is trending Neutral, with historical volatility in this time period at 40.06%.

The stock’s 5-day moving average is $249.63, reflecting a +5.37% or $13.05 change from its current price. ALB is currently trading +13.34% above its 20-day SMA, -6.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.66% and SMA200 by+21.11%.

Stochastic %K and %D was 88.64% and 85.75% and the average true range (ATR) pointed at 10.18. The RSI (14) points at 60.65%, while the 14-day stochastic is at 74.63% with the period’s ATR at 10.13. The stock’s 9-day MACD Oscillator is pointing at 9.17 and 17.59 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Albemarle Corporation (NYSE: ALB), Vertical Research upgraded it to a Buy rating. They previously had a Hold 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.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 13 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 $155.00 and a high of $461.00, with their median price target at $300.00. Looking at these predictions, the average price target given by analysts is for Albemarle Corporation (ALB) stock is $304.18.

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