The Albemarle Corporation (NYSE:ALB) is going down by -2.36% in today’s trading session, a fall equivalent to -1.54% of the stock’s price from yesterday’s market close. A news came out on 11/06/19 stating that Albemarle Reports Third Quarter Growth by WSJ. The lowest point that the shares touched during the trading session was $64.97, while the peak of the day was recorded at a share price of $66.8173. ALB finished the previous session at $65.04 according to the data provided by Barchart, while the trading volume was observed to be $714914.
In the 100 days of trading, ALB managed to top a 66.96% Moving average. Additionally, Albemarle Corporation shares have achieved a 52-week range between 58.63 and 100.36 alongside 100 days raw stochastic set at 29.08%.
The number of shares outstanding, according to the fundamentals of the company, is set at 106.23M, equal to the value of $6.91B in market capitalization. In the last 30 days, Albemarle Corporation shares went down by -12.33%, adding 72.28 to growth in value, on top of a +2.00% boost since 11/01/19.
Albemarle Corporation (NYSE:ALB) Analyst’s Estimates
Albemarle Corporation (ALB) could record at least $1.76 per share in quarterly earnings in the upcoming report on 03/03/2020, a number that would actually represent an increase of 4.94 YOY.
According to the average analyst rating, Albemarle Corporation would be rated as Overweight. Out of 24 different analysts monitoring ALB stock, 11 analysts rate the stock as a BUY, 8 suggest to give the rating of HOLD, 1 indicate that ALB is an OVERWEIGHT, 3 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On November 14, 2019, the stock earned a Downgrade rating due to a new analyst call from Seaport Global Securities, while analysts from Citigroup believe that the stock is set at Sell from Neutral, as concluded on November 13, 2019. RBC Capital Mkts, is still rather wary about the stock, deciding to keep the rating at Sector Perform as confirmed through a call on November 12, 2019.
Regardless of the rating, JP Morgan did decrease their price from $68 to $60 as they are considering target share price analysis. BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on October 28, 2019, giving the stock a Underperform from the Buy rating.
ALB Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +36.18% has been attained, while the operating margin has been recorded at +21.46%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 9.05%. Beta value of the stock is recorded at 1.65. Additionally, Albemarle Corporation is recording price volatility of 2.06% for the period of the last seven days and 3.23% in the last 30 days.
Albemarle Corporation (NYSE:ALB) Technical Outlook
For the period of the last 50 days, Albemarle Corporation had its Raw Stochastic average set at 26.24% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 12.22%. Stochastic %K for Albemarle Corporation, with the last 20 days included, was set at 23.04%, having Stochastic %D topping 32.87%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Albemarle Corporation stocks with recording -15.61% in metrics.
Albemarle Corporation Insider Watch:
Similarly, 99.03% of the company’s float is held by institutions – and there are 834 institutions in total holding shares of this company. The top three institutional holders of ALB stocks are: Vanguard Group, Inc. (The) with ownership of $888.95 million, which is approximately 12787004 of the company’s shares; Franklin Resources, Inc, holding 9549525 shares of the stock with an approximate value of $663.88 million; and Blackrock Inc., currently with more than 8539472 shares of the company valued at $593.66 million. Positions in Albemarle Corporation stocks held by institutional investors has been changing actively in the past six months, a period during which there were 13 insider purchases amounting to 60499 shares. Similarly, there were 1 sale transactions amounting to 36000 shares, with the net shares purchased during the last six months reaching 24,499.