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

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Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $82.86 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 $4.15 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 18.49. 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 1.96. Technical Analysis The technical analysis highlights that Albemarle Corporation Common St current price is trading $4.74 points away +5.90% from $80.48, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $65.06 and, for now, the stock price is trading $20.16 or +30.99% away from that point. The 52-week high of Albemarle Corporation (NYSE:ALB) was $86.07 while lowest point recorded in 52-week was $41.37. It implies if stock price makes a movement of over $-0.85, it will record a new 52-week high. In the case of $+105.99% points drop, it will touch a new 52-week low.

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