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.
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 61.08.
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 2.57.
The technical analysis highlights that Albemarle Corporation Common St current is trading $-0.87 points away or -1.04% from its 50-day moving average of $83.81. Further it is trading $10.89 or +15.12% away its 200-day moving average of $72.05.
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 $-4.35, it will record a new 52-week high. In the case of +100.48% drop, it will touch a new 52-week low.
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