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Henry Ford Would NEVER Have Seen This Coming (Ad)
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Henry Ford Would NEVER Have Seen This Coming (Ad)
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Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Henry Ford Would NEVER Have Seen This Coming (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Henry Ford Would NEVER Have Seen This Coming (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Henry Ford Would NEVER Have Seen This Coming (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts

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

$118.30
+5.04 (+4.45%)
(As of 12/6/2023 ET)
Compare
Today's Range
$116.71
$122.17
50-Day Range
$113.26
$172.40
52-Week Range
$112.00
$293.01
Volume
5.02 million shs
Average Volume
2.18 million shs
Market Capitalization
$13.88 billion
P/E Ratio
4.20
Dividend Yield
1.35%
Price Target
$230.95

Albemarle MarketRank™ Stock Analysis

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
95.2% Upside
$230.95 Price Target
Short Interest
Bearish
9.78% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.52
Upright™ Environmental Score
News Sentiment
-0.54mentions of Albemarle in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$167,314 Bought Last Quarter
Proj. Earnings Growth
-38.86%
From $21.82 to $13.34 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.75 out of 5 stars

Basic Materials Sector

20th out of 176 stocks

Plastics Materials & Resins Industry

3rd out of 11 stocks


ALB stock logo

About Albemarle Stock (NYSE:ALB)

Albemarle Corporation's history dates back to 1887. Today, the company is a leading specialty chemicals producer based in Charlotte, North Carolina. 

Albemarle Corporation manufactures and markets custom-engineered specialty chemicals for various industries. This range of industries spreads across many sectors, including consumer electronics, pharmaceuticals, energy storage, petroleum refining, construction, automotive, lubricants, pharmaceuticals and crop protection. Albemarle Corporation operates through three core segments: lithium, bromine and catalysts.

The lithium segment develops and manufactures a range of lithium compounds. These compounds include lithium carbonate, lithium hydroxide and lithium chloride. Albemarle Corporation also manufactures value-added lithium specialty products and reagents, which include chemicals such as butyllithium and lithium aluminum hydride. 

Customers use Albemarle's products in various applications, including pharmaceuticals, water treatment and paper production. Albemarle Corporation is the largest provider of lithium for electric vehicle batteries and lithium storage products. Albemarle Corporation's other applications include producing various plastic bottles, high-performance greases, thermoplastic elastomers for car tires and thermoplastic elastomers for rubber-soled footwear.  

Albemarle Corporation's bromine segment refines bromine, a naturally occurring element similar to bleach. Albemarle Corporation also manufactures bromine-based fire safety solutions that enhance materials' flame-resistant properties. Albemarle Corporation's bromine segment also manufactures specialty chemicals such as elemental bromine, bromine alkyl, inorganic bromides, brominated powdered activated carbon and other bromine-refined chemicals. Consumers use the products developed in the Albemarle Corporation's bromine segment in various applications — chemical synthesis, petroleum well drilling, well drilling completion fluids, power generation mercury control, industrial water purification, consumable meat processing and other industrial applications. 

The catalysts segment manufactures hydroprocessing, isomerization and alkylation catalysts, fluidized catalytic cracking catalysts, fluidized catalytic cracking additives, organometallics and organometallic curatives. The catalyst products created by Albemarle Corporation are used in petroleum refining applications. The same catalysts are used in producing biofuels, gas-to-liquid refinement and coal liquefaction. Albemarle Corporation also produces fine chemicals (chemical substances prepared to a very high degree of purity) for use in the pharmaceutical and life sciences industries.

Albemarle Corporation builds on its long history by providing innovative and reliable products to a wide range of industries. Albemarle Corporation firmly commits to safety, sustainability and product quality. The company is well-positioned for future growth with production plants in the United States, the Netherlands, Belgium, China, Germany, Austria, the United Kingdom, France, Brazil and Japan. 

Albemarle Corporation was ranked on the Fortune 1000 list in 2020 with a ranking of 916. This ranking strengthened in 2021 and 2022 to 780 and 776, respectively. 

ALB Stock Price History

ALB Stock News Headlines

Albemarle (NYSE:ALB) Downgraded by Piper Sandler to "Underweight"
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Piper Sandler Is Souring on Albemarle (ALB) Stock
Albemarle: More Pain Short Term
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Albemarle (NYSE:ALB) Has Announced A Dividend Of $0.40
Kristin Coleman Bought 100% More Shares In Albemarle
Let's See If Albemarle's Charts Have the Right Mix
Albemarle's (ALB) Q3 Earnings and Revenues Lag Estimates
Albemarle 3Q results miss; lithium miner cuts 2023 outlook
Albemarle Corporation Q3 Profit Decreases, misses estimates
Albemarle Corp. And Its Real Value
ALBEMARLE ANNOUNCES NEW CHIEF FINANCIAL OFFICER
See More Headlines
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Company Calendar

Ex-Dividend for 10/2 Dividend
9/14/2023
Dividend Payable
10/02/2023
Last Earnings
11/02/2023
Today
12/06/2023
Ex-Dividend for 1/2 Dividend
12/14/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/02/2024
Next Earnings (Estimated)
2/21/2024

Industry, Sector and Symbol

Industry
Plastics materials & resins
Sub-Industry
Specialty Chemicals
CUSIP
01265310
Employees
7,400
Year Founded
1994

Price Target and Rating

Average Stock Price Target
$230.95
High Stock Price Target
$403.00
Low Stock Price Target
$128.00
Potential Upside/Downside
+95.2%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
19 Analysts

Profitability

Net Income
$2.69 billion
Pretax Margin
20.55%

Debt

Sales & Book Value

Annual Sales
$9.88 billion
Cash Flow
$23.11 per share
Book Value
$69.92 per share

Miscellaneous

Free Float
116,907,000
Market Cap
$13.88 billion
Optionable
Optionable
Beta
1.59

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ALB Stock Analysis - Frequently Asked Questions

Should I buy or sell Albemarle stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last year. There are currently 3 sell ratings, 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities 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.
View ALB analyst ratings
or view top-rated stocks.

What is Albemarle's stock price target for 2024?

19 brokerages have issued twelve-month price objectives for Albemarle's shares. Their ALB share price targets range from $128.00 to $403.00. On average, they expect the company's stock price to reach $230.95 in the next twelve months. This suggests a possible upside of 95.2% from the stock's current price.
View analysts price targets for ALB
or view top-rated stocks among Wall Street analysts.

How have ALB shares performed in 2023?

Albemarle's stock was trading at $216.86 at the start of the year. Since then, ALB stock has decreased by 45.4% and is now trading at $118.30.
View the best growth stocks for 2023 here
.

Are investors shorting Albemarle?

Albemarle saw a increase in short interest during 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 trading volume of 2,580,000 shares, the short-interest ratio is presently 4.4 days.
View Albemarle's Short Interest
.

When is Albemarle's next earnings date?

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

How were Albemarle's earnings last quarter?

Albemarle Co. (NYSE:ALB) announced its quarterly earnings results on Thursday, November, 2nd. The specialty chemicals company reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by $0.96. The specialty chemicals company had revenue of $2.31 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $7.50 earnings per share.
Read the conference call transcript
.

How often does Albemarle pay dividends? What is the dividend yield for Albemarle?

Albemarle declared a quarterly dividend on Monday, October 23rd. Stockholders of record on Friday, December 15th will be given 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 1.35%. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for ALB
.

Is Albemarle a good dividend stock?

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.

What guidance has Albemarle issued on next quarter's earnings?

Albemarle updated its fourth quarter earnings guidance on Wednesday, November, 1st. The company provided earnings per share guidance of $1.11-3.11 for the period, compared to the consensus 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.

What is Luther C. Kissam, IV's approval rating as Albemarle's CEO?

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.

What other stocks do shareholders of Albemarle own?

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).

Who are Albemarle's major shareholders?

Albemarle's stock is owned by a number of retail and institutional investors. Top institutional shareholders 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
.

How do I buy shares of Albemarle?

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.
Compare Top Brokerages Here.

Does Albemarle have any subsidiaries?
The following companies are subsidiares of Albemarle: ACI Cyprus L.L.C., Albemarle (Thailand) Co. Ltd., Albemarle Argentina S.R.L., Albemarle Brazil Holdings LTDA., Albemarle Care Fund, Albemarle Catalysts Company B.V., Albemarle Chemical Canada Ltd., Albemarle Chemicals (Shanghai) Co. Ltd., Albemarle Chemicals Ltd, Albemarle Chemicals Private Limited, Albemarle Chemicals SAS, Albemarle Chemicals South Africa (Proprietary) Limited, Albemarle Delaware Holdings 1 LLC, Albemarle Delaware Holdings 2 LLC, Albemarle Dutch Holdings 2 B.V., Albemarle Dutch Holdings B.V., Albemarle Europe SRL, Albemarle Finance Company B.V., Albemarle Foundation, Albemarle Germany Gmbh, Albemarle Hilfe GmbH Unterstützungskasse, Albemarle Holdings Company Limited, Albemarle Holdings Limited, Albemarle Hungary Ltd., Albemarle Italy S.R.L., Albemarle Japan Corporation, Albemarle Japan Holdings B.V., Albemarle Knight Lux 1 Holdings Corporation, Albemarle Korea Corporation, Albemarle Limitada, Albemarle Lithium (Jiangsu) Co. Ltd., Albemarle Lithium Holding Corporation, Albemarle Lithium Holding GmbH, Albemarle Lithium Pty Ltd, Albemarle Lithium UK Limited, Albemarle Malaysia Sdn Bhd., Albemarle Management (Shanghai) Co. Ltd., Albemarle Middle East FZE, Albemarle Netherlands B.V., Albemarle New Holding GmbH, Albemarle Overseas Employment Corporation, Albemarle Qúimica Ltda., Albemarle Saudi Trading Company, Albemarle Sichuan New Materials Co. Ltd., Albemarle Singapore Pte. Ltd., Albemarle Spain S.L., Albemarle Taiwan Limited, Albemarle U.S. Inc., Albemarle Vietnam Limited Liability Company, Albemarle Wodgina Pty Ltd, Albemarle de Venezuela C.A., Dynamit Nobel GmbH, Dynamit Nobel Unterstützungsfonds GmbH, Excalibur II Realty Company, Excalibur Realty Company, Foote Chile Holding Company, Foote Minera e Inversiones Limitada, Jiangxi Albemarle Lithium Co. Ltd., Jordan Bromine Company Ltd., Knight Lux 1 S.à r.l., Knight Lux 2 S.à r.l., MARBL Lithium Operations Pty Ltd, MRL’s Wodgina Project, Metalon Environmental Management & Solutions GmbH, PT Albemarle Chemicals Indonesia, RSG Immobilien GmbH, RT Lithium Limited, Rockwood Holdings, Rockwood Holdings Inc., Rockwood Lithium (Shanghai) Co. Ltd., Rockwood Lithium India Private Limited, Rockwood Lithium Japan K.K., Rockwood Lithium Korea LLC, Rockwood Lithium Taiwan Co. Ltd., Rockwood Specialties GmbH, Rockwood Specialties Group LLC, Rockwood Specialties LLC, Rockwood Specialties Limited, Sales de Magnesio Limitada, Shandong Sinobrom Albemarle Bromine Chemicals Company Limited, and Sichuan Guorun New Material Co. Ltd..
Read More
This page (NYSE:ALB) was last updated on 12/7/2023 by MarketBeat.com Staff

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