Albemarle (ALB) Stock Forecast, Price & News

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ALB shares.
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21 Wall Street research analysts have issued 1 year target prices for Albemarle's shares. Their ALB share price forecasts range from $155.00 to $498.00. On average, they predict the company's stock price to reach $273.76 in the next twelve months. This suggests a possible upside of 68.1% from the stock's current price.
View analysts price targets for ALB or view top-rated stocks among Wall Street analysts.

Albemarle's stock was trading at $216.86 at the start of the year. Since then, ALB shares have decreased by 24.9% and is now trading at $162.83.
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Albemarle saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 8,480,000 shares, an increase of 10.3% from the August 31st total of 7,690,000 shares. Based on an average trading volume of 1,740,000 shares, the short-interest ratio is currently 4.9 days.
View Albemarle's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our ALB earnings forecast.

Albemarle Co. (NYSE:ALB) posted its earnings results on Thursday, August, 3rd. The specialty chemicals company reported $7.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.27 by $3.06. The specialty chemicals company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.42 billion. Albemarle had a trailing twelve-month return on equity of 45.88% and a net margin of 40.55%. Albemarle's revenue for the quarter was up 60.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.45 EPS.
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Albemarle announced a quarterly dividend on Tuesday, July 18th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.40 per share on Monday, October 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for ALB.

ETFs with the largest weight of Albemarle (NYSE:ALB) stock in their portfolio include Sprott Lithium Miners ETF (LITP), Global X Lithium & Battery Tech ETF (LIT), iShares Lithium Miners and Producers ETF (ILIT), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), VanEck Green Metals ETF (GMET), ALPS Clean Energy ETF (ACES), Optica Rare Earths & Critical Materials ETF (CRIT) and Sprott Energy Transition Materials ETF (SETM).

Albemarle (NYSE:ALB) pays an annual dividend of $1.60 per share and currently has a dividend yield of 0.96%. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 4.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALB will have a dividend payout ratio of 7.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALB.

Albemarle issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $25.00-$29.50 for the period, compared to the consensus EPS estimate of $23.31. The company issued revenue guidance of $10.40 billion-$11.50 billion, compared to the consensus revenue estimate of $10.12 billion.

63 employees have rated Albemarle Chief Executive Officer Luther C. Kissam, IV on Glassdoor.com. Luther C. Kissam, IV has an approval rating of 75% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Albemarle investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), NVIDIA (NVDA), Rogers Communications (RCI) and Alibaba Group (BABA).

Albemarle trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALB."

Albemarle's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.66%), Bank Julius Baer & Co. Ltd Zurich (6.89%), State Street Corp (4.47%), Capital Research Global Investors (2.88%), Franklin Resources Inc. (2.67%) and Baillie Gifford & Co. (2.13%). Insiders that own company stock include Eric Norris, J Kent Masters, John Clarence Barichivich III, Karen G Narwold, Karen G Narwold, Kristin M Coleman, Luther C Iv Kissam, Netha N Johnson, Raphael Goszcz Crawford and Scott Tozier.
View institutional ownership trends.

Shares of ALB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALB stock can currently be purchased for approximately $162.83.

Albemarle (NYSE:ALB) has a market capitalization of $19.11 billion and generates $7.32 billion in revenue each year. The specialty chemicals company earns $2.69 billion in net income (profit) each year or $33.24 on an earnings per share basis.

The company employs 7,400 workers across the globe.

Albemarle's mailing address is 4250 CONGRESS STREET SUITE 900, CHARLOTTE NC, 28209. The official website for the company is www.albemarle.com. The specialty chemicals company can be reached via phone at (980) 299-5700, via email at invest@albemarle.com, or via fax at 225-388-7686.