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 lowest price target was 100, which equates to a potential downside 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.
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. Over the past month, 3 analysts increased their quarterly estimates, while 0 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, 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. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. ALB has a PEG ratio of 48.13.
ALB has a 52-week high of 119.59 and a 52-week low of 75.11. The current market price is above the trailing year's low by 55.11 percent, and below the high by 2.58 percent. 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.