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Albemarle - ALB Stock Forecast, Price & News

$270.02
-9.49 (-3.40%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$266.30
$276.00
50-Day Range
$195.82
$284.08
52-Week Range
$169.93
$291.48
Volume
1.22 million shs
Average Volume
1.25 million shs
Market Capitalization
$31.63 billion
P/E Ratio
121.63
Dividend Yield
0.57%
Price Target
$279.05

Albemarle MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
3.3% Upside
$279.05 Price Target
Short Interest
Healthy
1.96% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.52
Upright™ Environmental Score
News Sentiment
0.08mentions of Albemarle in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.28%
From $21.36 to $23.77 Per Share

Overall MarketRank

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

2.57 out of 5 stars

Basic Materials Sector

61st out of 167 stocks

Plastics Materials & Resins Industry

7th out of 13 stocks

ALB stock logo

About Albemarle (NYSE:ALB) Stock

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.

Albemarle Stock Up 0.7 %

Shares of ALB Stock opened at $279.51 on Friday. Albemarle has a 1-year low of $169.93 and a 1-year high of $291.48. The stock's fifty day moving average price is $226.73 and its 200 day moving average price is $219.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.88 and a quick ratio of 1.20. The company has a market cap of $32.74 billion, a price-to-earnings ratio of 125.91, a price-to-earnings-growth ratio of 0.41 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 earnings per share for the quarter, topping the consensus estimate of $2.79 by $0.66. Albemarle had a return on equity of 15.39% and a net margin of 6.08%. During the same quarter in the prior year, the business posted $0.89 EPS. On average, research analysts expect that Albemarle will post 21.36 earnings per share for the current fiscal year.

Albemarle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 16th will be paid a dividend of $0.395 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.58 annualized dividend and a yield of 0.57%. Albemarle's payout ratio is presently 71.17%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ALB shares. TheStreet raised Albemarle from a "c+" rating to a "b" rating in a research note on Wednesday, May 4th. Royal Bank of Canada lifted their target price on Albemarle from $300.00 to $314.00 in a research report on Tuesday, May 24th. Jefferies Financial Group reaffirmed a "buy" rating and set a $290.00 target price on shares of Albemarle in a research report on Monday, May 16th. Oppenheimer lifted their target price on Albemarle from $368.00 to $440.00 and gave the company an "outperform" rating in a research report on Monday, August 8th. Finally, Citigroup lifted their target price on Albemarle to $294.00 in a research report on Tuesday, August 9th. Two research 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 MarketBeat, Albemarle has a consensus rating of "Moderate Buy" and a consensus price target of $279.05.

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ALB Stock News Headlines

Albemarle Corporation: Raising price target to $366
Citigroup Increases Albemarle (NYSE:ALB) Price Target to $294.00
Albemarle To $440? Here Are 5 Other Price Target Changes For Monday
Albemarle (NYSE:ALB) Shares Gap Up After Strong Earnings
See More Headlines
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ALB Company Calendar

Ex-Dividend for 7/1 Dividend
6/09/2022
Dividend Payable
7/01/2022
Last Earnings
8/03/2022
Today
8/19/2022
Ex-Dividend for 10/3 Dividend
9/15/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Plastics materials & resins
Sub-Industry
Specialty Chemicals
CUSIP
01265310
Employees
6,000
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$279.05
High Stock Price Forecast
$440.00
Low Stock Price Forecast
$196.00
Forecasted Upside/Downside
+3.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
18 Analysts

Profitability

Net Income
$123.67 million
Pretax Margin
4.07%

Debt

Sales & Book Value

Annual Sales
$3.33 billion
Cash Flow
$6.02 per share
Book Value
$53.79 per share

Miscellaneous

Free Float
116,836,000
Market Cap
$31.63 billion
Optionable
Optionable
Beta
1.58

Social Links


Key Executives

  • Mr. Jerry Kent Masters Jr.Mr. Jerry Kent Masters Jr. (Age 61)
    Chairman, Pres & CEO
    Comp: $3.49M
  • Mr. Scott A. TozierMr. Scott A. Tozier (Age 56)
    Exec. VP & CFO
    Comp: $1.55M
  • Ms. Karen G. Narwold Esq.Ms. Karen G. Narwold Esq. (Age 62)
    Exec. VP, Chief Admin. Officer, Gen. Counsel & Corp. Sec.
    Comp: $1.32M
  • Mr. Eric W. NorrisMr. Eric W. Norris (Age 55)
    Pres of Lithium Global Bus. Unit
    Comp: $1.47M
  • Mr. Netha N. Johnson Jr.Mr. Netha N. Johnson Jr. (Age 51)
    Pres of Bromine Specialties Global Bus. Unit
    Comp: $1.28M
  • Mr. John Clarence Barichivich III (Age 54)
    VP, Corp. Controller & Chief Accounting Officer
  • Mr. Patrick Thompson
    Chief Information Officer
  • Ms. Melissa H. Anderson (Age 57)
    Sr. VP & Chief HR Officer
  • Mr. Ahmad Khalifeh
    Managing Director of Middle East Office
  • Mr. Raphael Goszcz CrawfordMr. Raphael Goszcz Crawford (Age 46)
    Pres of Catalysts Global Bus. Unit













ALB Stock - Frequently Asked Questions

Should I buy or sell Albemarle stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last year. There are currently 2 sell ratings, 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALB shares.
View ALB analyst ratings
or view top-rated stocks.

What is Albemarle's stock price forecast for 2022?

18 equities research analysts have issued 1 year price objectives for Albemarle's shares. Their ALB share price forecasts range from $196.00 to $440.00. On average, they predict the company's share price to reach $279.05 in the next twelve months. This suggests a possible upside of 3.3% 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 2022?

Albemarle's stock was trading at $233.77 on January 1st, 2022. Since then, ALB stock has increased by 15.5% and is now trading at $270.02.
View the best growth stocks for 2022 here
.

Are investors shorting Albemarle?

Albemarle saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,290,000 shares, an increase of 6.0% from the July 15th total of 2,160,000 shares. Based on an average trading volume of 1,370,000 shares, the days-to-cover ratio is currently 1.7 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, November 2nd 2022.
View our ALB earnings forecast
.

How were Albemarle's earnings last quarter?

Albemarle Co. (NYSE:ALB) issued its quarterly earnings results on Wednesday, August, 3rd. The specialty chemicals company reported $3.45 EPS for the quarter, topping analysts' consensus estimates of $2.79 by $0.66. Albemarle had a net margin of 6.08% and a trailing twelve-month return on equity of 15.39%. During the same period in the previous year, the firm posted $0.89 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, July 18th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.395 per share on Monday, October 3rd. This represents a $1.58 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, September 15th.
Read our dividend analysis for ALB
.

Is Albemarle a good dividend stock?

Albemarle (NYSE:ALB) pays an annual dividend of $1.58 per share and currently has a dividend yield of 0.57%. 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 71.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALB will have a dividend payout ratio of 6.65% 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 issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of $19.25-$22.25 for the period, compared to the consensus estimate of $13.65. The company issued revenue guidance of $7.10 billion-$7.50 billion, compared to the consensus revenue estimate of $6.00 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?
What is Albemarle's stock symbol?

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

Who are Albemarle's major shareholders?

Albemarle's stock is owned by a variety of institutional and retail investors. Top institutional investors include State Street Corp (4.53%), Baillie Gifford & Co. (3.34%), Franklin Resources Inc. (3.28%), Primecap Management Co. CA (2.18%), Mirae Asset Global Investments Co. Ltd. (1.98%) and FMR LLC (1.59%). Insiders that own company stock include Eric Norris, J Kent Masters, John Clarence Barichivich III, Karen G Narwold, Karen G Narwold, 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.

What is Albemarle's stock price today?

One share of ALB stock can currently be purchased for approximately $270.02.

How much money does Albemarle make?

Albemarle (NYSE:ALB) has a market capitalization of $31.63 billion and generates $3.33 billion in revenue each year. The specialty chemicals company earns $123.67 million in net income (profit) each year or $2.22 on an earnings per share basis.

How many employees does Albemarle have?

The company employs 6,000 workers across the globe.

Does Albemarle have any subsidiaries?
The following companies are subsidiares of Albemarle: ACI Cyprus L.L.C., Albemarle (Thailand) Co. Ltd., Albemarle Argentina SRL, 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 S.A.S., 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 Holding Corporation, Albemarle Lithium Holding GmbH, Albemarle Lithium Pty Ltd, 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 Quimica LTDA, Albemarle Saudi Trading Company, 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 Ltda., Jiangxi Albemarle Lithium Co. Ltd., Jordan Bromine Company Limited, Knight Lux 1 S.à r.l., Knight Lux 2 S.à r.l., MARBL Lithium Operations Pty Ltd, 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 Pvt. Ltd., 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
When was Albemarle founded?

Albemarle was founded in 1994.

How can I contact Albemarle?

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.

This page (NYSE:ALB) was last updated on 8/19/2022 by MarketBeat.com Staff

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