Albemarle Co. (NYSE:ALB – Get Free Report) has been assigned an average rating of “Hold” from the twenty-three ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $117.30.
Several research analysts have issued reports on ALB shares. JPMorgan Chase & Co. dropped their price target on Albemarle from $115.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, August 19th. Mizuho decreased their price target on Albemarle from $128.00 to $103.00 in a research report on Wednesday, July 31st. Evercore ISI cut their price objective on Albemarle from $190.00 to $170.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Robert W. Baird decreased their target price on shares of Albemarle from $85.00 to $79.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, UBS Group cut their price target on shares of Albemarle from $124.00 to $109.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th.
View Our Latest Analysis on ALB
Institutional Trading of Albemarle
Albemarle Price Performance
NYSE:ALB opened at $100.57 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.67 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $92.35 and its 200 day moving average price is $100.75. Albemarle has a 52-week low of $71.97 and a 52-week high of $153.54. The firm has a market cap of $11.82 billion, a P/E ratio of -21.26 and a beta of 1.55.
Albemarle Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, December 13th. Albemarle’s payout ratio is presently -34.25%.
Albemarle Company Profile
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services.
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