NYSE:ALB

Albemarle Stock Forecast, Price & News

$155.80
+2.75 (+1.80 %)
(As of 04/22/2021 12:00 AM ET)
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Today's Range
$153.63
Now: $155.80
$159.87
50-Day Range
$140.69
MA: $150.10
$161.27
52-Week Range
$55.75
Now: $155.80
$188.35
Volume1.40 million shs
Average Volume1.74 million shs
Market Capitalization$18.18 billion
P/E Ratio43.52
Dividend Yield1.02%
Beta1.59
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine Specialties, 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; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Bromine Specialties 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, biocides, 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, crop protection, and custom chemistry services markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.
Albemarle logo

Industry, Sector and Symbol

Industry Plastics materials & resins
Sub-IndustrySpecialty Chemicals
CUSIP01265310
Phone980-299-5700
Employees5,900
Year Founded1994

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.59 billion
Cash Flow$6.99 per share
Book Value$38.61 per share

Profitability

Net Income$533.23 million

Miscellaneous

Market Cap$18.18 billion
Next Earnings Date5/5/2021 (Confirmed)
OptionableOptionable

Headlines

Albemarle (NYSE:ALB) Stock Price Up 4.8%
April 19, 2021 |  americanbankingnews.com
Albemarle (NYSE:ALB) Upgraded by Evercore ISI to Outperform
April 19, 2021 |  americanbankingnews.com
Albemarle Co. (NYSE:ALB) Short Interest Down 20.9% in March
April 18, 2021 |  americanbankingnews.com
$0.78 EPS Expected for Albemarle Co. (NYSE:ALB) This Quarter
April 11, 2021 |  americanbankingnews.com
Albemarle Announces Pricing of Cash Tender Offers
March 12, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

2.09 out of 5 stars

Basic Materials Sector

28th out of 851 stocks

Plastics Materials & Resins Industry

3rd out of 18 stocks

Analyst Opinion: 2.1Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
$155.80
+2.75 (+1.80 %)
(As of 04/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Albemarle (NYSE:ALB) Frequently Asked Questions

Is Albemarle a buy right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last twelve months. There are currently 4 sell ratings, 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Albemarle wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Albemarle?

Albemarle saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 2,190,000 shares, a decrease of 20.9% from the March 15th total of 2,770,000 shares. Based on an average daily volume of 1,770,000 shares, the short-interest ratio is presently 1.2 days.
View Albemarle's Short Interest
.

When is Albemarle's next earnings date?

Albemarle is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 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 Wednesday, May 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Albemarle's earnings last quarter?

Albemarle Co. (NYSE:ALB) announced its earnings results on Tuesday, February, 16th. The specialty chemicals company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.07. The specialty chemicals company had revenue of $879.15 million for the quarter, compared to analysts' expectations of $876.15 million. Albemarle had a trailing twelve-month return on equity of 11.96% and a net margin of 11.77%. During the same period in the previous year, the company posted $1.73 EPS.
View Albemarle's earnings history
.

How has Albemarle's stock price been impacted by Coronavirus?

Albemarle's stock was trading at $70.07 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ALB shares have increased by 122.3% and is now trading at $155.80.
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 Thursday, February 25th. Stockholders of record on Friday, March 12th will be given a dividend of $0.39 per share on Thursday, April 1st. This represents a $1.56 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, March 11th. This is a positive change from Albemarle's previous quarterly dividend of $0.39.
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 1.02%. 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 25.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Albemarle will have a dividend payout ratio of 39.00% 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 issued an update on its FY 2021 After-Hours earnings guidance on Wednesday, February, 17th. The company provided earnings per share guidance of 3.25-3.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.08. The company issued revenue guidance of $3.2-3.3 billion, compared to the consensus revenue estimate of $3.19 billion.

What price target have analysts set for ALB?

21 equities research analysts have issued 12-month target prices for Albemarle's shares. Their forecasts range from $50.00 to $200.00. On average, they expect Albemarle's stock price to reach $129.55 in the next year. This suggests that the stock has a possible downside of 16.9%.
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:
  • Mr. Jerry Kent Masters Jr., Chairman, Pres & CEO (Age 60, Pay $1.98M)
  • Mr. Scott A. Tozier, Exec. VP & CFO (Age 55, Pay $1.17M) (LinkedIn Profile)
  • Mr. Raphael Goszcz Crawford, Pres of Catalysts Global Bus. Unit (Age 45, Pay $893.35k) (LinkedIn Profile)
  • Mr. Eric W. Norris, Pres of Lithium Global Bus. Unit (Age 54, Pay $1.06M) (LinkedIn Profile)
  • Mr. Netha N. Johnson Jr., Pres of Bromine Specialties Global Bus. Unit (Age 50, Pay $1.05M) (LinkedIn Profile)
  • Mr. John Clarence Barichivich III, VP, Corp. Controller & Chief Accounting Officer (Age 53)
  • Mr. Patrick Thompson, Chief Information Officer
  • Ms. Karen G. Narwold Esq., Exec. VP, Chief Admin. Officer, Gen. Counsel & Corp. Sec. (Age 61) (LinkedIn Profile)
  • Ms. Sharon B. McGee, VP of Corp. Devel. & Investor Relations
  • Ms. Melissa H. Anderson, Sr. VP & Chief HR Officer (Age 56)

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.

Who are some of Albemarle's key competitors?

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 retail and institutional investors. Top institutional investors include Grandfield & Dodd LLC (0.12%), Scout Investments Inc. (0.12%), New York State Teachers Retirement System (0.12%), OLD National Bancorp IN (0.07%), Chevy Chase Trust Holdings Inc. (0.07%) and Retirement Systems of Alabama (0.04%). Company insiders that own Albemarle stock include Deeanne J Marlow, Eric Norris, 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 Scout Investments Inc., John G Ullman & Associates Inc., OLD National Bancorp IN, New York State Teachers Retirement System, Private Advisor Group LLC, Grandfield & Dodd LLC, Crossmark Global Holdings Inc., and Veracity Capital LLC. Company insiders that have sold Albemarle company stock in the last year include 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 purchased by a variety of institutional investors in the last quarter, including Handelsinvest Investeringsforvaltning, Ingalls & Snyder LLC, NuWave Investment Management LLC, Asset Advisors Investment Management LLC, Hanlon Investment Management Inc., DnB Asset Management AS, BOKF NA, and Leavell Investment Management Inc.. Company insiders that have bought Albemarle stock in the last two years include Deeanne J Marlow, and Eric Norris.
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 $155.80.

How much money does Albemarle make?

Albemarle has a market capitalization of $18.18 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.

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?

Albemarle is headquartered at 4250 CONGRESS STREET SUITE 900, CHARLOTTE NC, 28209.

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 4/23/2021 by MarketBeat.com Staff
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