Why Albemarle Corporation (NYSE:ALB) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $88.85 on Albemarle Corporation (NYSE:ALB) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.47 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Albemarle Corporation (NYSE:ALB) stands at 61.29.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Albemarle Corporation Common St, the PEG ratio for coming 3-5 years is 2.56.

Technical Analysis

The technical analysis highlights that Albemarle Corporation Common St current is trading $-0.54 points away or -0.64% from its 50-day moving average of $83.77. Further it is trading $11.26 or +15.64% away its 200-day moving average of $71.97.

The 52-week high of Albemarle Corporation (NYSE:ALB) was $87.29 while lowest point recorded in 52-week was $41.37. It implies if stock price makes a movement of over $-4.06, it will record a new 52-week high. In the case of +101.18% drop, it will touch a new 52-week low.

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