While Albemarle Corp. has underperformed by -1.52%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ALB fell by -28.11%, with highs and lows ranging from $153.54 to $71.97, whereas the simple moving average fell by -10.15% in the last 200 days.
On August 05, 2024, Robert W. Baird Downgraded Albemarle Corp. (NYSE: ALB) to Neutral. A report published by Berenberg on July 31, 2024, Downgraded its rating to ‘Hold’ for ALB. HSBC Securities also Downgraded ALB shares as ‘Hold’, setting a target price of $95 on the company’s shares in a report dated July 17, 2024. Wells Fargo July 11, 2024d the rating to Equal Weight on July 11, 2024, and set its price target from $145 to $100. Scotiabank May 22, 2024d its ‘Sector Outperform’ rating to ‘Sector Perform’ for ALB, as published in its report on May 22, 2024. Berenberg’s report from April 11, 2024 suggests a price prediction of $160 for ALB shares, giving the stock a ‘Buy’ rating. BofA Securities also rated the stock as ‘Buy’.
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Analysis of Albemarle Corp. (ALB)
A return on investment can be expected regardless of ALB’s performance over the next quarter with the dividend set at $1.60 per share. Further, the quarter-over-quarter decrease in sales is -39.65%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Albemarle Corp.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -4.76% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.75, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and ALB is recording an average volume of 2.92M. On a monthly basis, the volatility of the stock is set at 3.65%, whereas on a weekly basis, it is put at 3.74%, with a gain of 0.20% over the past seven days. Furthermore, long-term investors anticipate a median target price of $107.97, showing growth from the present price of $96.65, which can serve as yet another indication of whether ALB is worth investing in or should be passed over.
How Do You Analyze Albemarle Corp. Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.44%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 94.53% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ALB shares are owned by institutional investors to the tune of 94.53% at present.
