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NYSE:ALB

Albemarle - ALB Stock Forecast, Price & News

$272.61
-9.11 (-3.23%)
(As of 01/30/2023 03:19 PM ET)
Add
Compare
Today's Range
$272.30
$280.80
50-Day Range
$214.04
$284.28
52-Week Range
$169.93
$334.55
Volume
793,069 shs
Average Volume
1.49 million shs
Market Capitalization
$31.94 billion
P/E Ratio
20.67
Dividend Yield
0.56%
Price Target
$297.26

Albemarle MarketRank™ Forecast

Analyst Rating
Hold
2.41 Rating Score
Upside/​Downside
8.8% Upside
$297.26 Price Target
Short Interest
Healthy
3.08% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.52
Upright™ Environmental Score
News Sentiment
0.32mentions of Albemarle in the last 14 days
Based on 48 Articles This Week
Insider Trading
Selling Shares
$5.31 M Sold Last Quarter
Proj. Earnings Growth
28.72%
From $21.80 to $28.06 Per Share

Overall MarketRank

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

2.72 out of 5 stars

Basic Materials Sector

13th out of 160 stocks

Plastics Materials & Resins Industry

1st out of 11 stocks


ALB stock logo

About Albemarle (NYSE:ALB) Stock

Albemarle Corp. engages in the development, manufacture, 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, Catalysts, and All Other. The Lithium segment develops and manufactures basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents. The Bromine segment consists of bromine and bromine-based businesses including products used in fire safety solutions and other specialty chemicals applications. The Catalysts segment contains two product lines: clean fuel technologies, which are primarily composed of hydro processing catalysts, and heavy oil upgrading that is composed of fluidized catalytic cracking catalysts and additives. The All Other segment includes the FCS business. The company was founded in 1993 and is headquartered in Charlotte, NC.

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ALB Stock News Headlines

The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Albemarle (NYSE:ALB) PT Raised to $362.00 at Royal Bank of Canada
Solar Industry at Start of Long Bull Run?
The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.
Albemarle (NYSE:ALB) Issues FY 2022 Earnings Guidance
Albemarle (NYSE:ALB) Price Target Raised to $497.00 at Oppenheimer
Albemarle (NYSE:ALB) PT Raised to $305.00 at Robert W. Baird
Is Trending Stock Albemarle Corporation (ALB) a Buy Now?
Albemarle (NYSE:ALB) Releases Q4 2022 Earnings Guidance
Albemarle (NYSE:ALB) Issues FY23 Earnings Guidance
Albemarle (NYSE:ALB) Issues Q4 Earnings Guidance
Albemarle (NYSE:ALB) Updates FY 2023 Earnings Guidance
Albemarle Co. (NYSE:ALB) Short Interest Update
Albemarle Announces New External Affairs Leadership
See More Headlines
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ALB Company Calendar

Last Earnings
11/02/2022
Ex-Dividend for 1/3 Dividend
12/15/2022
Dividend Payable
1/03/2023
Today
1/30/2023
Next Earnings (Confirmed)
2/15/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Plastics materials & resins
Sub-Industry
Specialty Chemicals
CUSIP
01265310
Employees
6,000
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$297.26
High Stock Price Forecast
$497.00
Low Stock Price Forecast
$155.00
Forecasted Upside/Downside
+9.0%
Consensus Rating
Hold
Rating Score (0-4)
2.41
Research Coverage
18 Analysts

Profitability

Net Income
$123.67 million
Pretax Margin
27.93%

Debt

Sales & Book Value

Annual Sales
$3.33 billion
Cash Flow
$5.99 per share
Book Value
$49.63 per share

Miscellaneous

Free Float
116,860,000
Market Cap
$31.94 billion
Optionable
Optionable
Beta
1.45

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
  • Kristin M. Coleman
    Secretary, Executive VP & General Counsel
  • Melissa H. Anderson
    Chief Human Resources Officer & Senior VP













ALB Stock - Frequently Asked Questions

Should I buy or sell Albemarle stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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.
View ALB analyst ratings
or view top-rated stocks.

What is Albemarle's stock price forecast for 2023?

18 analysts have issued 12 month price targets for Albemarle's shares. Their ALB share price forecasts range from $155.00 to $497.00. On average, they anticipate the company's stock price to reach $297.26 in the next twelve months. This suggests a possible upside of 5.5% 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 on January 1st, 2023. Since then, ALB stock has increased by 29.9% and is now trading at $281.72.
View the best growth stocks for 2023 here
.

Are investors shorting Albemarle?

Albemarle saw a increase in short interest in December. As of December 30th, there was short interest totaling 3,400,000 shares, an increase of 18.9% from the December 15th total of 2,860,000 shares. Based on an average daily trading volume, of 1,490,000 shares, the short-interest ratio is presently 2.3 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, February 15th 2023.
View our ALB earnings forecast
.

How can I listen to Albemarle's earnings call?

Albemarle will be holding an earnings conference call on Thursday, February 16th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "384178".

How were Albemarle's earnings last quarter?

Albemarle Co. (NYSE:ALB) announced its quarterly earnings data on Wednesday, November, 2nd. The specialty chemicals company reported $7.50 EPS for the quarter, topping analysts' consensus estimates of $6.84 by $0.66. The specialty chemicals company had revenue of $2.09 billion for 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 firm's revenue was up 151.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 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 Monday, October 24th. Investors 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 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, December 15th.
Read our dividend analysis for ALB
.

Is Albemarle a good dividend stock?

Albemarle (NYSE:ALB) pays an annual dividend of $1.58 per share and currently has a dividend yield of 0.56%. The company has been increasing its dividend for 29 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 5.63% 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 updated its FY23 earnings guidance on Monday, January, 23rd. The company provided EPS guidance of $26.00-33.00 for the period, compared to the consensus estimate of $28.23. The company issued revenue guidance of $11.30-12.90 billion, compared to the consensus revenue estimate of $10.02 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 institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (2.31%), International Assets Investment Management LLC (1.20%), AEGON ASSET MANAGEMENT UK Plc (0.17%), DAVENPORT & Co LLC (0.15%), Grandfield & Dodd LLC (0.12%) and New York State Teachers Retirement System (0.11%). 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 $281.72.

How much money does Albemarle make?

Albemarle (NYSE:ALB) has a market capitalization of $33.00 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.

How many employees does Albemarle have?

The company employs 6,000 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..
Read More
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 1/30/2023 by MarketBeat.com Staff