Albemarle Corporation (NYSE:ALB) Projected EPS At $0.760 For Next Quarter


Albemarle Corporation (NYSE:ALB) has a mean price target of $88.850 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.760 a share for the very next quarter and $3.470 for this year.

Technical View

The technical study of Albemarle Corporation Common St demonstrates that the 50-day moving average of Albemarle Corporation (NYSE:ALB) stock is $82.935, and is trading $-6.430 points away or -7.753% from 50-day moving average of $82.935. It is trading $2.158 or +2.902% away 200-day moving average of $74.347.

The 52-week high of Albemarle Corporation (NYSE:ALB) was $87.290 while $41.500 is the low mark in the same period. It state Albemarle Corporation Common St share price has to surge more than $-10.785 to hit 52-week high or drop +84.349% to make a 52-week mark. MA here hints at moving average.

Taking the valuation part to reach the estimation of Albemarle Corporation Common St, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Albemarle Corporation (NYSE:ALB) ratio came in at 56.337, after dividing current equity price by yearly earnings. Albemarle Corporation Common St stock recorded a close of $76.505 in last trading session, registering a market cap of $8.60B.

The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.

Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Albemarle Corporation (NYSE:ALB) PEG ratio is at 2.540.

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