Albemarle - ALB Stock Forecast, Price & News

15 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 7 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.
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15 brokers have issued 12 month price targets for Albemarle's stock. Their ALB share price forecasts range from $155.00 to $440.00. On average, they predict the company's stock price to reach $290.37 in the next year. This suggests a possible upside of 12.7% from the stock's current price.
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Albemarle's stock was trading at $233.77 on January 1st, 2022. Since then, ALB stock has increased by 10.2% and is now trading at $257.61.
View the best growth stocks for 2022 here.

Albemarle saw a decrease in short interest in November. As of November 15th, there was short interest totaling 1,990,000 shares, a decrease of 7.0% from the October 31st total of 2,140,000 shares. Based on an average daily trading volume, of 1,430,000 shares, the short-interest ratio is currently 1.4 days.
View Albemarle's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our ALB earnings forecast.

Albemarle Co. (NYSE:ALB) posted its quarterly earnings data on Wednesday, November, 2nd. The specialty chemicals company reported $7.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.84 by $0.66. The specialty chemicals company earned $2.09 billion during the quarter, compared to analysts' expectations of $2.21 billion. Albemarle had a net margin of 27.77% and a trailing twelve-month return on equity of 26.84%. The business's revenue for the quarter was up 151.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS.
Read the conference call transcript.

Albemarle announced a quarterly dividend on Monday, October 24th. Shareholders of record on Friday, December 16th will be given a dividend of $0.395 per share on Tuesday, January 3rd. This represents a $1.58 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, December 15th.
Read our dividend analysis for ALB.

Albemarle (NYSE:ALB) pays an annual dividend of $1.58 per share and currently has a dividend yield of 0.61%. The company has been increasing its dividend for 28 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 11.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALB will have a dividend payout ratio of 5.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALB.

Albemarle issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $19.75-$21.75 for the period, compared to the consensus earnings per share estimate of $21.28. The company issued revenue guidance of $7.10 billion-$7.40 billion, compared to the consensus revenue estimate of $7.51 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), Wheaton Precious Metals (WPM), NVIDIA (NVDA), Rogers Communications (RCI) and Alibaba Group (BABA).

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

Albemarle's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.89%), BlackRock Inc. (8.04%), State Street Corp (4.37%), Baillie Gifford & Co. (2.74%), Primecap Management Co. CA (2.08%) and Bank of New York Mellon Corp (1.70%). 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.
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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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One share of ALB stock can currently be purchased for approximately $257.61.

Albemarle (NYSE:ALB) has a market capitalization of $30.18 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 $13.19 on an earnings per share basis.

The company employs 6,000 workers across the globe.

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.