NYSE:ALBAlbemarle Stock Price, Forecast & News

$78.63

+2.57 (+3.38 %)

(As of 07/2/2020 11:59 AM ET)

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Today's Range

$77.53

Now: $78.63▼

$79.64

50-Day Range

$59.26

MA: $74.01▼

$86.74

52-Week Range

$48.89

Now: $78.63▼

$99.40

Volume267,141 shs

Average Volume1.16 million shs

Market Capitalization$8.36 billion

P/E Ratio16.48

Dividend Yield1.99%

Beta1.46

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. Its Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties, as well as reagents, such as butyllithium and lithium aluminum hydride for applications 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, life science, pharmaceutical, and other markets. It also offers cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for various pyrotechnical applications; technical services, such as the handling and use of reactive lithium products; and recycling services for lithium-containing by-products. The company's Bromine Specialties segment offers bromine and bromine-based solutions for fire safety, chemical synthesis, mercury control, water purification, beef and poultry processing, and other industrial applications, as well as oil and gas well drilling, and completion fluids applications; and tertiary amines, biocides, disinfectants, and sanitizers. Its Catalysts segment offers performance catalyst solutions comprising hydroprocessing catalysts together with isomerization and akylation catalysts; fluidized catalytic cracking catalysts and additives; and performance catalyst solutions comprising organometallics and curatives. It serves energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, crop protection, and custom chemistry services markets. The company was founded in 1994 and is headquartered in Charlotte, North Carolina.

Beat the Market (BTM) Rank^™

2.1 Analyst's Opinion

Consensus Rating
Albemarle has received a consensus rating of Hold. The company's average rating score is 2.12, and is based on 7 buy ratings, 14 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $74.54, Albemarle has a potential downside of 4.7% from its current price of $78.23.
Amount of Analyst Coverage
Albemarle has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Albemarle has received 679 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Albemarle has received 573 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Albemarle has received 54.23% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Albemarle and other stocks. Vote “Outperform” if you believe ALB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ALB will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Yield
Albemarle pays a meaningful dividend of 1.99%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Albemarle has been increasing its dividend for 16 years.
Dividend Coverage
The dividend payout ratio of Albemarle is 25.50%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Albemarle will have a dividend payout ratio of 35.57% next year. This indicates that Albemarle will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Albemarle insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.07% of the stock of Albemarle is held by insiders.
Percentage Held by Institutions
92.57% of the stock of Albemarle is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Albemarle are expected to grow by 28.49% in the coming year, from $3.37 to $4.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Albemarle is 16.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Albemarle is 16.40, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 25.83.
Price to Earnings Growth Ratio
Albemarle has a PEG Ratio of 2.69. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Albemarle has a P/B Ratio of 2.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.49 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Plastics materials & resins

Sub-IndustrySpecialty Chemicals

SectorBasic Materials

Current SymbolNYSE:ALB

Previous Symbol

CUSIP01265310

CIK915913

Webwww.albemarle.com

Phone980-299-5700

Debt

Debt-to-Equity Ratio0.77

Current Ratio1.81

Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio16.48

Forward P/E Ratio23.33

P/E Growth2.69

Sales & Book Value

Annual Sales$3.59 billion

Price / Sales2.33

Cash Flow$8.22 per share

Price / Cash Flow9.56

Book Value$38.61 per share

Price / Book2.04

Profitability

EPS (Most Recent Fiscal Year)$6.04

Net Income$533.23 million

Net Margins14.50%

Return on Equity15.34%

Return on Assets6.88%

Miscellaneous

Employees6,000

Outstanding Shares106,320,000

Market Cap$8.36 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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Albemarle (NYSE:ALB) Frequently Asked Questions

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

Albemarle's stock was trading at $70.07 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ALB stock has increased by 11.6% and is now trading at $78.23. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Albemarle?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last year. There are currently 4 sell ratings, 14 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Albemarle.

When is Albemarle's next earnings date?

Albemarle is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Albemarle.

How were Albemarle's earnings last quarter?

Albemarle Co. (NYSE:ALB) announced its quarterly earnings results on Wednesday, May, 6th. The specialty chemicals company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.85 by $0.15. The specialty chemicals company earned $738.85 million during the quarter, compared to analyst estimates of $769.26 million. Albemarle had a net margin of 14.50% and a return on equity of 15.34%. The firm's quarterly revenue was down 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 earnings per share. View Albemarle's earnings history.

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

Albemarle declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Friday, June 12th will be given a dividend of $0.385 per share on Wednesday, July 1st. This represents a $1.54 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, June 11th. View Albemarle's dividend history.

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

Albemarle issued an update on its second quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $700-775 million, compared to the consensus revenue estimate of $775.7 million.

What price target have analysts set for ALB?

25 brokers have issued 1 year price objectives for Albemarle's stock. Their forecasts range from $39.50 to $116.00. On average, they anticipate Albemarle's stock price to reach $74.54 in the next twelve months. This suggests that the stock has a possible downside of 4.7%. View analysts' price targets for Albemarle.

Has Albemarle been receiving favorable news coverage?

News stories about ALB stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Albemarle earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned media headlines about the specialty chemicals company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Albemarle.

Are investors shorting Albemarle?

Albemarle saw a decline in short interest in June. As of June 15th, there was short interest totaling 13,970,000 shares, a decline of 9.0% from the May 31st total of 15,360,000 shares. Based on an average daily volume of 1,730,000 shares, the short-interest ratio is currently 8.1 days. Approximately 13.2% of the company's shares are short sold. View Albemarle's Current Options Chain.

Who are some of Albemarle's key competitors?

Some companies that are related to Albemarle include Ecolab (ECL), Sherwin-Williams (SHW), International Flavors & Fragrances (IFF), Celanese (CE), RPM International (RPM), NewMarket (NEU), Ashland Global (ASH), W. R. Grace & Co (GRA), Quaker Chemical (KWR), Balchem (BCPC), PolyOne (POL), HB Fuller (FUL), Sensient Technologies (SXT), Stepan (SCL) and Innospec (IOSP). View all competitors.

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), Wheaton Precious Metals (WPM), Rogers Communications (RCI), Open Text (OTEX) and Alibaba Group (BABA).

Who are Albemarle's key executives?

Albemarle's management team includes the following people:

Mr. Luther C. Kissam IV, Chairman, Pres & CEO (Age 54)
Mr. Scott A. Tozier, Exec. VP & CFO (Age 53)
Mr. Donald J. LaBauve Jr., VP, Corp. Controller & Chief Accounting Officer (Age 52)
Ms. Karen G. Narwold, Exec. VP, Chief Admin. Officer, Gen. Counsel & Corp. Sec. (Age 59)
Mr. David Ryan, VP of Corp. Strategy & Investor Relations

What is Albemarle's stock symbol?

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

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Albemarle's stock price today?

One share of ALB stock can currently be purchased for approximately $78.23.

How big of a company is Albemarle?

Albemarle has a market capitalization of $8.32 billion and generates $3.59 billion in revenue each year. The specialty chemicals company earns $533.23 million in net income (profit) each year or $6.04 on an earnings per share basis. Albemarle employs 6,000 workers across the globe.

What is Albemarle's official website?

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

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 7/2/2020 by MarketBeat.com Staff

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