Analyst Ratings for Albemarle Corp. (ALB)Updated: 2017-07-28
Albemarle Corp. (NYSE:ALB) was awarded an average rating of Overweight from investment analysts following the stock. ALB had previously received a consensus rating of Overweight a month ago.
9 analysts declared ALB a buy, 2 gave an overweight rating, 9 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Investment analysts gave a few price targets for ALB. The most optimistic analyst gave a price target of 144, which equates to a potential upside of 23.61 percent. The lowest price target was 100, implying a possible loss of -14.16 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.91 percent. The average change in earnings estimates over the last 90 days is 6.76 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.12 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 4.2 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.
Analysts estimate earnings of ALB to grow at a rate of 0.56 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. ALB has a PEG ratio of 48.13.
In the last 52-weeks, ALB has achieved a high of 119.59 and a low of 75.11. Today's price is 55.11 percent above the 52-week low, and 2.58 percent lower than its 52-week high. ALB has a price/earnings ratio of 26.95. Investors typically compare the P/E ratio to a company's peers in the industry. The ALB value stock report compares ALB to some of its peers using value stock charts. The market cap of ALB is $12.89 billion. ALB is estimated to release their earnings results for the quarter on 0000-00-00, days from today.