S&P 500   4,443.11
DOW   34,869.37
QQQ   370.35
S&P 500   4,443.11
DOW   34,869.37
QQQ   370.35
S&P 500   4,443.11
DOW   34,869.37
QQQ   370.35
S&P 500   4,443.11
DOW   34,869.37
QQQ   370.35
NYSE:ALB

Albemarle Stock Forecast, Price & News

$222.25
-4.15 (-1.83 %)
(As of 09/27/2021 12:00 AM ET)
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Today's Range
$220.03
$226.68
50-Day Range
$187.25
$244.03
52-Week Range
$83.88
$253.10
Volume823,800 shs
Average Volume1.40 million shs
Market Capitalization$25.99 billion
P/E Ratio36.02
Dividend Yield0.69%
Beta1.57
30 days | 90 days | 365 days | Advanced Chart
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Albemarle logo

About Albemarle

Albemarle Corp. engages in developing, manufacturing, and marketing of chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, transportation, pharmaceuticals, crop production, food-safety, and custom chemistry services. It operates through the following segments: Lithium, Bromine Specialties, and Catalysts. The Lithium segment engages in developing and manufacture of basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents. The Bromine Specialties segment consists of bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Catalysts segment contain two product lines: clean fuels technologies, which is primarily composed of hydro processing catalysts, and heavy oil upgrading that comprises of fluidized catalytic cracking catalysts and additives. The company was founded in 1993 and is headquartered in Charlotte, NC.

Headlines

Two Hot Buys For Dividend Growth Investors (ALB)
September 13, 2021 |  pricetargets.com
Albemarle (NYSE:ALB) Downgraded by HSBC
September 17, 2021 |  americanbankingnews.com
HSBC Downgrades Albemarle (NYSE:ALB) to Hold
September 17, 2021 |  americanbankingnews.com
Albemarle (NYSE:ALB) Updates FY 2021 Earnings Guidance
September 17, 2021 |  americanbankingnews.com
Albemarle (NYSE:ALB) Stock Price Down 7.4%
September 13, 2021 |  americanbankingnews.com
Albemarle (NYSE:ALB) PT Raised to $270.00
September 13, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
Plastics materials & resins
Sub-Industry
Specialty Chemicals
CUSIP
01265310
Employees
5,900
Year Founded
1994

Sales & Book Value

Annual Sales
$3.13 billion
Cash Flow
$5.81 per share
Book Value
$41.98 per share

Profitability

Net Income
$375.76 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$25.99 billion
Next Earnings Date
11/3/2021 (Confirmed)
Optionable
Optionable

Social Links


MarketRank

Overall MarketRank

2.91 out of 5 stars

Basic Materials Sector

14th out of 225 stocks

Plastics Materials & Resins Industry

3rd out of 16 stocks

Analyst Opinion: 2.2Community Rank: 4.7Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Albemarle (NYSE:ALB) Frequently Asked Questions

Is Albemarle a buy right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Albemarle stock. 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 analyst ratings for Albemarle
or view top-rated stocks.

What stocks does MarketBeat like better than Albemarle?

Wall Street analysts have given Albemarle a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Albemarle wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Albemarle?

Albemarle saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,430,000 shares, a drop of 19.5% from the August 15th total of 3,020,000 shares. Based on an average daily volume of 1,210,000 shares, the short-interest ratio is presently 2.0 days. Approximately 2.1% of the shares of the stock are short sold.
View Albemarle's Short Interest
.

When is Albemarle's next earnings date?

Albemarle is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Albemarle
.

How can I listen to Albemarle's earnings call?

Albemarle will be holding an earnings conference call on Thursday, November 4th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "6875708".

How were Albemarle's earnings last quarter?

Albemarle Co. (NYSE:ALB) released its earnings results on Tuesday, August, 3rd. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.06. The specialty chemicals company earned $773.90 million during the quarter, compared to the consensus estimate of $787.72 million. Albemarle had a net margin of 21.78% and a trailing twelve-month return on equity of 8.92%. Albemarle's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS.
View Albemarle's earnings history
.

How has Albemarle's stock been impacted by COVID-19?

Albemarle's stock was trading at $70.07 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ALB stock has increased by 217.2% and is now trading at $222.25.
View which stocks have been most impacted by COVID-19
.

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

Albemarle declared a quarterly dividend on Tuesday, July 20th. Stockholders of record on Friday, September 17th will be paid a dividend of $0.39 per share on Friday, October 1st. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, September 16th.
View Albemarle's dividend history
.

Is Albemarle a good dividend stock?

Albemarle pays an annual dividend of $1.56 per share and currently has a dividend yield of 0.69%. Albemarle has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Albemarle is 37.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Albemarle will have a dividend payout ratio of 31.08% next year. This indicates that Albemarle will be able to sustain or increase its dividend.
View Albemarle's dividend history.

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

Albemarle updated its FY 2021 earnings guidance on Friday, September, 24th. The company provided EPS guidance of $3.350-$3.700 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.620. The company issued revenue guidance of $3.20 billion-$3.30 billion, compared to the consensus revenue estimate of $3.23 billion.

What price target have analysts set for ALB?

19 equities research analysts have issued 12-month price objectives for Albemarle's shares. Their forecasts range from $80.00 to $296.00. On average, they anticipate Albemarle's share price to reach $200.55 in the next twelve months. This suggests that the stock has a possible downside of 9.8%.
View analysts' price targets for Albemarle
or view top-rated stocks among Wall Street analysts.

Who are Albemarle's key executives?

Albemarle's management team includes the following people:
  • Jerry Kent Masters, Chairman, President & Chief Executive Officer
  • Scott A. Tozier, Chief Financial Officer & Executive Vice President
  • Glen Merfeld, Chief Technology Officer & VP-Energy Storage
  • Karen Goldthwaite Narwold, Secretary, Chief Administrative Officer & EVP
  • Melissa H. Anderson, Chief Human Resources Officer & Senior VP

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

63 employees have rated Albemarle CEO Luther C. Kissam, IV on Glassdoor.com. Luther C. Kissam, IV has an approval rating of 75% among Albemarle'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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.45%), BlackRock Inc. (8.34%), Franklin Resources Inc. (6.44%), State Street Corp (4.94%), Baillie Gifford & Co. (3.96%) and Primecap Management Co. CA (3.01%). Company insiders that own Albemarle stock include Eric Norris, John Clarence Barichivich III, Karen G Narwold, Karen G Narwold, Luther C Iv Kissam, Raphael Goszcz Crawford and Scott Tozier.
View institutional ownership trends for Albemarle
.

Which institutional investors are selling Albemarle stock?

ALB stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Renaissance Technologies LLC, Avalon Investment & Advisory, Millennium Management LLC, Dimensional Fund Advisors LP, Royal Bank of Canada, Primecap Management Co. CA, and Aegon Asset Management UK PLC. Company insiders that have sold Albemarle company stock in the last year include Eric Norris, John Clarence Barichivich III, Karen G Narwold, Luther C Iv Kissam, Raphael Goszcz Crawford, and Scott Tozier.
View insider buying and selling activity for Albemarle
or view top insider-selling stocks.

Which institutional investors are buying Albemarle stock?

ALB stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., FMR LLC, Bank of New York Mellon Corp, State Street Corp, Amundi, Franklin Resources Inc., Twin Tree Management LP, and AGF Investments Inc..
View insider buying and selling activity for Albemarle
or or view top insider-buying stocks.

How do I buy shares of Albemarle?

Shares of ALB 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 $222.25.

How much money does Albemarle make?

Albemarle has a market capitalization of $25.99 billion and generates $3.13 billion in revenue each year. The specialty chemicals company earns $375.76 million in net income (profit) each year or $4.12 on an earnings per share basis.

How many employees does Albemarle have?

Albemarle employs 5,900 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) Company Limited, Albemarle Chemicals Ltd., Albemarle Chemicals Private Limited, Albemarle Chemicals S.A.S., Albemarle Chemicals South Africa (PTY) Ltd., Albemarle Delaware Holdings 1 LLC, Albemarle Delaware Holdings 2 LLC, Albemarle Dutch Holdings 2 B.V., Albemarle Dutch Holdings B.V., Albemarle Europe Sprl, Albemarle Finance Company B.V., Albemarle Foundation, Albemarle Germany Gmbh, Albemarle Hilfe GmbH Unterstutzungskasse, 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 Corporation 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 India Pvt. Ltd., Rockwood Lithium Japan K.K., Rockwood Lithium Korea LLC, Rockwood Lithium Shanghai Co. Ltd., 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..

When was Albemarle founded?

Albemarle was founded in 1994.

What is Albemarle's official website?

The official website for Albemarle is www.albemarle.com.

Where are Albemarle's headquarters?

How can I contact Albemarle?

Albemarle's mailing address is 4250 CONGRESS STREET SUITE 900, CHARLOTTE NC, 28209. The specialty chemicals company can be reached via phone at (980) 299-5700 or via email at [email protected].


This page was last updated on 9/28/2021 by MarketBeat.com Staff

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