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.
ALB was given price targets by several analysts. The most optimistic price target was 144, which equates to a potential upside of 23.61 percent. The lowest price target was 100, which equates to a potential downside of -14.16 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates upwards for this quarter, by about 0.91 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 6.76 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.12 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 4.2 percent.
People are often interested in whether analysts were united in the direction of their revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, 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.
ALB has an estimated earnings growth rate of 0.56 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ALB is 48.13.
In the trailing 52-weeks, ALB hit 119.59 at the highest peak, while it's lowest trading point was 75.11. The current market price is above the trailing year's low by 55.11 percent, 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.