Albemarle Stock Price, News & Analysis (NYSE:ALB)

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ALB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALB, but not buy additional shares or sell existing shares.
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19 brokers have issued 1 year target prices for Albemarle's shares. Their ALB share price targets range from $128.00 to $403.00. On average, they predict the company's stock price to reach $230.95 in the next year. This suggests a possible upside of 103.9% 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 stock has decreased by 47.8% and is now trading at $113.26.
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Albemarle saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 11,480,000 shares, an increase of 26.9% from the October 31st total of 9,050,000 shares. Based on an average daily trading volume, of 2,580,000 shares, the days-to-cover ratio is presently 4.4 days.
View Albemarle's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our ALB earnings forecast.

Albemarle Co. (NYSE:ALB) issued its earnings results on Thursday, November, 2nd. The specialty chemicals company reported $2.74 EPS for the quarter, missing the consensus estimate of $3.70 by $0.96. The specialty chemicals company earned $2.31 billion during the quarter, compared to analyst estimates of $2.52 billion. Albemarle had a trailing twelve-month return on equity of 36.09% and a net margin of 33.63%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $7.50 EPS.
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Albemarle announced a quarterly dividend on Monday, October 23rd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.40 per share on Tuesday, January 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for ALB.

Albemarle (NYSE:ALB) pays an annual dividend of $1.60 per share and currently has a dividend yield of 1.27%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 5.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALB will have a dividend payout ratio of 11.99% next year. This indicates that the company will be able to sustain or increase its dividend.
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 updated its fourth quarter earnings guidance on Wednesday, November, 1st. The company provided earnings per share (EPS) guidance of $1.11-3.11 for the period, compared to the consensus earnings per share estimate of $4.58. The company issued revenue guidance of $2.24-2.54 billion, compared to the consensus revenue estimate of $2.65 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's stock is owned by a variety of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (2.08%), Primecap Management Co. CA (1.90%), Bank of New York Mellon Corp (1.61%), Morgan Stanley (1.34%), Mirae Asset Global Investments Co. Ltd. (1.18%) and Invesco Ltd. (1.04%). 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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