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S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ukraine demands emergency UN meeting over Putin nuclear plan
Urgent Warning (Ad)
Factory or farm? Oregon may alter land use for chipmakers
Travel disruption hits Germany on eve of transport strike
Urgent Warning (Ad)
Adele extends Las Vegas residency, plans concert film
Union Pacific 2nd railroad to drop push for one-person crews
Fed's Shocking New Plan to Control Your Money (Ad)
Philadelphia residents warned about chemical spill in river
These Bitcoin Stocks Have the Most Upside
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ukraine demands emergency UN meeting over Putin nuclear plan
Urgent Warning (Ad)
Factory or farm? Oregon may alter land use for chipmakers
Travel disruption hits Germany on eve of transport strike
Urgent Warning (Ad)
Adele extends Las Vegas residency, plans concert film
Union Pacific 2nd railroad to drop push for one-person crews
Fed's Shocking New Plan to Control Your Money (Ad)
Philadelphia residents warned about chemical spill in river
These Bitcoin Stocks Have the Most Upside
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ukraine demands emergency UN meeting over Putin nuclear plan
Urgent Warning (Ad)
Factory or farm? Oregon may alter land use for chipmakers
Travel disruption hits Germany on eve of transport strike
Urgent Warning (Ad)
Adele extends Las Vegas residency, plans concert film
Union Pacific 2nd railroad to drop push for one-person crews
Fed's Shocking New Plan to Control Your Money (Ad)
Philadelphia residents warned about chemical spill in river
These Bitcoin Stocks Have the Most Upside
NYSE:ALB

Albemarle - ALB Stock Forecast, Price & News

$217.79
+2.15 (+1.00%)
(As of 03/24/2023 08:50 PM ET)
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Compare
Today's Range
$208.67
$217.94
50-Day Range
$208.49
$290.15
52-Week Range
$185.15
$334.55
Volume
1.59 million shs
Average Volume
1.69 million shs
Market Capitalization
$25.55 billion
P/E Ratio
9.54
Dividend Yield
0.73%
Price Target
$308.00

Albemarle MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
41.4% Upside
$308.00 Price Target
Short Interest
Healthy
4.55% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.52
Upright™ Environmental Score
News Sentiment
0.36mentions of Albemarle in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$1.92 M Sold Last Quarter
Proj. Earnings Growth
-9.34%
From $30.20 to $27.38 Per Share

Overall MarketRank

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

2.89 out of 5 stars

Basic Materials Sector

14th out of 160 stocks

Plastics Materials & Resins Industry

1st out of 11 stocks


ALB stock logo

About Albemarle (NYSE:ALB) Stock

Albemarle Corporation's history dates back to 1887. Today, the company is a leading specialty chemicals producer based in Charlotte, North Carolina. 

Albemarle Corporation manufactures and markets custom-engineered specialty chemicals for various industries. This range of industries spreads across many sectors, including consumer electronics, pharmaceuticals, energy storage, petroleum refining, construction, automotive, lubricants, pharmaceuticals and crop protection. Albemarle Corporation operates through three core segments: lithium, bromine and catalysts.

The lithium segment develops and manufactures a range of lithium compounds. These compounds include lithium carbonate, lithium hydroxide and lithium chloride. Albemarle Corporation also manufactures value-added lithium specialty products and reagents, which include chemicals such as butyllithium and lithium aluminum hydride. 

Customers use Albemarle's products in various applications, including pharmaceuticals, water treatment and paper production. Albemarle Corporation is the largest provider of lithium for electric vehicle batteries and lithium storage products. Albemarle Corporation's other applications include producing various plastic bottles, high-performance greases, thermoplastic elastomers for car tires and thermoplastic elastomers for rubber-soled footwear.  

Albemarle Corporation's bromine segment refines bromine, a naturally occurring element similar to bleach. Albemarle Corporation also manufactures bromine-based fire safety solutions that enhance materials' flame-resistant properties. Albemarle Corporation's bromine segment also manufactures specialty chemicals such as elemental bromine, bromine alkyl, inorganic bromides, brominated powdered activated carbon and other bromine-refined chemicals. Consumers use the products developed in the Albemarle Corporation's bromine segment in various applications — chemical synthesis, petroleum well drilling, well drilling completion fluids, power generation mercury control, industrial water purification, consumable meat processing and other industrial applications. 

The catalysts segment manufactures hydroprocessing, isomerization and alkylation catalysts, fluidized catalytic cracking catalysts, fluidized catalytic cracking additives, organometallics and organometallic curatives. The catalyst products created by Albemarle Corporation are used in petroleum refining applications. The same catalysts are used in producing biofuels, gas-to-liquid refinement and coal liquefaction. Albemarle Corporation also produces fine chemicals (chemical substances prepared to a very high degree of purity) for use in the pharmaceutical and life sciences industries.

Albemarle Corporation builds on its long history by providing innovative and reliable products to a wide range of industries. Albemarle Corporation firmly commits to safety, sustainability and product quality. The company is well-positioned for future growth with production plants in the United States, the Netherlands, Belgium, China, Germany, Austria, the United Kingdom, France, Brazil and Japan. 

Albemarle Corporation was ranked on the Fortune 1000 list in 2020 with a ranking of 916. This ranking strengthened in 2021 and 2022 to 780 and 776, respectively. 

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ALB Stock News Headlines

Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Albemarle (NYSE:ALB) PT Raised to $403.00
Albemarle (NYSE:ALB) Now Covered by Analysts at StockNews.com
Banking Nightmare
During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …
Albemarle Announces Launch of Ketjen Corporation
Is Trending Stock Albemarle Corporation (ALB) a Buy Now?
Albemarle Announces New External Affairs Leadership
Is Albemarle Corporation (ALB) an Attractive Investment?
See More Headlines
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ALB Company Calendar

Ex-Dividend for 1/3 Dividend
12/15/2022
Dividend Payable
1/03/2023
Last Earnings
2/16/2023
Ex-Dividend for 4/3 Dividend
3/16/2023
Today
3/27/2023
Dividend Payable
4/03/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Plastics materials & resins
Sub-Industry
Specialty Chemicals
CUSIP
01265310
Employees
7,400
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$308.00
High Stock Price Forecast
$498.00
Low Stock Price Forecast
$155.00
Forecasted Upside/Downside
+41.4%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
20 Analysts

Profitability

Net Income
$2.69 billion
Pretax Margin
33.24%

Debt

Sales & Book Value

Annual Sales
$7.32 billion
Cash Flow
$24.89 per share
Book Value
$69.92 per share

Miscellaneous

Free Float
117,006,000
Market Cap
$25.55 billion
Optionable
Optionable
Beta
1.57

Social Links


Key Executives

  • Jerry Kent MastersJerry Kent Masters
    Chairman, President & Chief Executive Officer
  • Scott A. TozierScott A. Tozier
    Chief Financial Officer & Executive Vice President
  • Glen Merfeld
    Chief Technology Officer & VP-Energy Storage
  • Karen Goldthwaite Narwold
    Chief Administrative Officer & Executive VP
  • Kristin M. Coleman
    Secretary, Executive VP & General Counsel













ALB Stock - Frequently Asked Questions

Should I buy or sell Albemarle stock right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last year. There are currently 2 sell ratings, 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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.
View ALB analyst ratings
or view top-rated stocks.

What is Albemarle's stock price forecast for 2023?

20 brokers have issued 12-month target prices for Albemarle's stock. Their ALB share price forecasts range from $155.00 to $498.00. On average, they predict the company's stock price to reach $308.00 in the next twelve months. This suggests a possible upside of 41.4% 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 2023?

Albemarle's stock was trading at $216.86 at the beginning of the year. Since then, ALB shares have increased by 0.4% and is now trading at $217.79.
View the best growth stocks for 2023 here
.

Are investors shorting Albemarle?

Albemarle saw a increase in short interest in February. As of February 28th, there was short interest totaling 5,340,000 shares, an increase of 32.2% from the February 13th total of 4,040,000 shares. Based on an average daily volume of 1,560,000 shares, the short-interest ratio is currently 3.4 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, May 3rd 2023.
View our ALB earnings forecast
.

How were Albemarle's earnings last quarter?

Albemarle Co. (NYSE:ALB) issued its earnings results on Thursday, February, 16th. The specialty chemicals company reported $8.62 earnings per share for the quarter, beating analysts' consensus estimates of $8.46 by $0.16. The specialty chemicals company earned $2.62 billion during the quarter, compared to analysts' expectations of $2.60 billion. Albemarle had a trailing twelve-month return on equity of 37.63% and a net margin of 36.75%. Albemarle's quarterly revenue was up 193.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share.
Read the conference call transcript
.

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

Albemarle announced a quarterly dividend on Thursday, February 23rd. Investors of record on Friday, March 17th will be paid a dividend of $0.40 per share on Monday, April 3rd. This represents a $1.60 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, March 16th. This is an increase from the stock's previous quarterly dividend of $0.40.
Read our dividend analysis for ALB
.

Is Albemarle a good dividend stock?

Albemarle (NYSE:ALB) pays an annual dividend of $1.60 per share and currently has a dividend yield of 0.74%. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 7.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALB will have a dividend payout ratio of 5.84% 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 FY23 earnings guidance on Wednesday, February, 15th. The company provided earnings per share (EPS) guidance of $26.00-33.00 for the period, compared to the consensus EPS estimate of $29.00. The company issued revenue guidance of $11.3-12.9 billion, compared to the consensus revenue estimate of $11.33 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 retail and institutional investors. Top institutional shareholders include Moneta Group Investment Advisors LLC (89.21%), Franklin Resources Inc. (2.56%), Baillie Gifford & Co. (2.31%), Geode Capital Management LLC (2.02%), Bank of America Corp DE (1.52%) and Mirae Asset Global Investments Co. Ltd. (1.34%). 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 $217.79.

How much money does Albemarle make?

Albemarle (NYSE:ALB) has a market capitalization of $25.55 billion and generates $7.32 billion in revenue each year. The specialty chemicals company earns $2.69 billion in net income (profit) each year or $22.82 on an earnings per share basis.

How many employees does Albemarle have?

The company employs 7,400 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 S.R.L., 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 SAS, 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 (Jiangsu) Co. Ltd., Albemarle Lithium Holding Corporation, Albemarle Lithium Holding GmbH, Albemarle Lithium Pty Ltd, Albemarle Lithium UK Limited, 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 Qúimica Ltda., Albemarle Saudi Trading Company, Albemarle Sichuan New Materials Co. Ltd., 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 Limitada, Jiangxi Albemarle Lithium Co. Ltd., Jordan Bromine Company Ltd., Knight Lux 1 S.à r.l., Knight Lux 2 S.à r.l., MARBL Lithium Operations Pty Ltd, MRL’s Wodgina Project, 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 Private Limited, 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..
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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 3/27/2023 by MarketBeat.com Staff