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 analyst gave a price target of 144, which equates to a potential upside of 23.61 percent. The minimum price target given was 100, implying a possible loss of -14.16 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.12 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 4.2 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' 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 made negative revisions to their fiscal year's estimates.
ALB has an estimated earnings growth rate of 0.56 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, 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.
ALB has traded between a high of 119.59 and a low of 75.11 over the past year. 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 market cap of ALB is $12.89 billion. ALB's next earnings release will be on 0000-00-00, which is days away.