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.
Several price targets were given for ALB by the analysts covering the stock. The most optimistic analyst gave a price target of 144, implying a possible profit of 23.61 percent. The minimum price target given was 100, implying a possible loss of -14.16 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 4.2 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.
The growth rate of ALB's earnings is estimated by analysts to be 0.56 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. 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 P/E 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 stock has a market capitalization of $12.89 billion. ALB's next earnings release will be on 0000-00-00, which is days away.