Albemarle - ALB Stock Forecast, Price & News

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets. It also provides cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Bromine segment offers bromine and bromine-based fire safety solutions; specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals for use in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing, and other industrial applications; and other specialty chemicals, such as tertiary amines for surfactants, biocides, and disinfectants and sanitizers. The Catalysts segment provides hydroprocessing, isomerization, and akylation catalysts; fluidized catalytic cracking catalysts and additives; and organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ALB. Mizuho boosted their price objective on shares of Albemarle from $243.00 to $293.00 in a research report on Friday, May 6th. TheStreet raised Albemarle from a "c+" rating to a "b" rating in a research report on Wednesday, May 4th. Credit Suisse Group increased their price target on Albemarle from $185.00 to $196.00 and gave the company an "underperform" rating in a research report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Albemarle from $255.00 to $270.00 in a research report on Monday, August 8th. Finally, StockNews.com raised Albemarle from a "sell" rating to a "hold" rating in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $279.05.

Albemarle Trading Up 6.0 %

ALB Stock opened at $281.57 on Friday. Albemarle has a 52 week low of $169.93 and a 52 week high of $291.48. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.20 and a current ratio of 1.88. The company's 50-day simple moving average is $224.51 and its 200 day simple moving average is $217.38. The company has a market capitalization of $32.98 billion, a PE ratio of 126.83, a price-to-earnings-growth ratio of 0.38 and a beta of 1.58.

Albemarle (NYSE:ALB - Get Rating) last announced its earnings results on Wednesday, August 3rd. The specialty chemicals company reported $3.45 EPS for the quarter, topping the consensus estimate of $2.79 by $0.66. Albemarle had a net margin of 6.08% and a return on equity of 15.39%. During the same quarter in the previous year, the firm earned $0.89 EPS. As a group, sell-side analysts anticipate that Albemarle will post 21.36 earnings per share for the current year.

Albemarle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be given a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, September 15th. Albemarle's payout ratio is currently 71.17%.