Stock To Watch: Albemarle Corporation (NYSE:ALB)


The leading market experts have placed a mean price target of $89.08 on Albemarle Corporation (NYSE:ALB) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.97 a share for the upcoming quarter and $4.04 for the current fiscal. Technical View The technical analysis of Albemarle Corporation Common St plainly substantiates that the 50-day moving average of Albemarle Corporation Common St is $83.22, and stock is hovering -0.89 or -1.06% distant from $83.22. It is noted that the 200-day MA is $68.91, and Albemarle Corporation Common St stock is $13.42 or +19.47% off from this point. Albemarle Corporation (NYSE:ALB) 52-week high is $87.29 and the 52-week low is $41.37. This explains if the stock moves $-4.96, it will post a 52-week high. In event of $+99.01% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Albemarle Corporation Common St, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Albemarle Corporation (NYSE:ALB) ratio came in at 60.63. The stock last ended the trading session at $82.33 and registered a market cap of $9.25B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Albemarle Corporation (NYSE:ALB) PEG ratio is at 1.94.

1 Chart Pattern Every Investor Should Know

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