Albemarle Corporation (ALB)
| Market Cap | 16.96B |
| Revenue (ttm) | 9.88B |
| Net Income (ttm) | 3.32B |
| Shares Out | 117.35M |
| EPS (ttm) | 28.21 |
| PE Ratio | 5.12 |
| Forward PE | 13.63 |
| Dividend | $1.60 (1.11%) |
| Ex-Dividend Date | Dec 14, 2023 |
| Volume | 2,791,433 |
| Open | 149.03 |
| Previous Close | 149.43 |
| Day's Range | 142.15 - 149.03 |
| 52-Week Range | 112.00 - 293.01 |
| Beta | 1.59 |
| Analysts | Buy |
| Price Target | 214.06 (+48.16%) |
| Earnings Date | Feb 14, 2024 |
About ALB
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalys... [Read more]
Financial Performance
In 2022, Albemarle's revenue was $7.32 billion, an increase of 119.96% compared to the previous year's $3.33 billion. Earnings were $2.69 billion, an increase of 2074.96%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for ALB stock is "Buy." The 12-month stock price forecast is $214.06, which is an increase of 48.16% from the latest price.
News
3 Buys and a Bail: Schneider Electric, Albemarle, ON Semiconductor & VinFast
Gina Sanchez, Lido Advisors chief market strategist, joins 'The Exchange' to discuss three buys and a bail, including Schneider Electric, Albemarle, ON Semiconductor, and VinFast.
3-Stock Lunch: SBUX, HOOD & ALB
Jerry Castellini, CastleArk Management chief investment officer, joins ‘Power Lunch' to discuss three stocks: Starbucks, Robinhood and Albemarle.
Midday Movers: Albemarle Falls After Downgrade, J.M. Smucker Rises on Profit Forecast
U.S. equities were mixed and little changed at midday after government data showed the number of job openings fell more than expected in October. The Dow and S&P 500 were lower, while the Nasdaq was u...
Albemarle Stock Falls on Downgrade
Piper Sandler downgraded the lithium miner's shares to Sell from Hold.
Lower lithium prices weigh on Albermarle as UBS cuts price target
Chemical company Albermarle Corp. ALB, -4.29% saw its common stock price drop 4.4% on Tuesday as the biggest decliner in the S&P 500 SPX, -0.06%. UBS cut its price target for Albermarle to $130 a shar...
Albemarle And Other EV Vendor Stocks Are Having A Tough Year. What Lies Ahead?
In the U.S. sales of battery-electric vehicles have risen by about 49% over the first nine months, to 873,082 units per data from Cox Automotive.
ALBEMARLE ANNOUNCES NEW SENIOR VICE PRESIDENT, CHIEF EXTERNAL AFFAIRS AND COMMUNICATIONS OFFICER
CHARLOTTE, N.C. , Nov. 17, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today announced that ...
Capitalizing on value: 3 undervalued stocks ready for resurgence
When it comes down to it, all investing and trading is about nothing more than buying low and selling high. Ideally, you want to find stocks with as much upside as possible and just ride the wave.
3 Dividend Champions with room for dividend growth
The World Series champion Texas Rangers recently paid nice dividends for sports bettors. For stock investors, there's a different, more predictable group of dividend payers worth betting on — the Divi...
Top 4 Materials Stocks That Are Set To Fly In Q4 - Albemarle (NYSE:ALB), Flexible Solutions Intl (AMEX:FSI)
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
Albemarle's Q3 net income falls 66% on weaker lithium prices
(Kitco News) - Lithium producer Albemarle (NYSE: ALB) yesterday announced net sales of $2.3 billion in Q3 2023, up 10% compared to Q3 2022 ($2.1 billion), driven by higher volumes in its energy storag...
5 Best Lithium Stocks to Buy Now
Lithium prices have pulled back, but rising demand for electric vehicle batteries could create tailwinds. These top-rated lithium stocks can help investors capitalize on the growth.
Albemarle's Earnings Miss as Demand for EVs Decelerates
The lithium miner reported third-quarter earnings per share of $2.74 from sales of $2.3 billion. Wall Street was looking for $3.77 and $2.5 billion, respectively.
Albemarle Reports Net Sales Increase of 10% for Third Quarter 2023
CHARLOTTE, N.C. , Nov. 1, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its res...
ALBEMARLE ANNOUNCES NEW CHIEF FINANCIAL OFFICER
CHARLOTTE, N.C. , Oct. 26, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today announced that ...
Lithium Stocks Albemarle, Livent Catch Downgrades. Weaker EV Demand Is One Reason.
Piper Sandler analyst Charles Neivert downgraded both Albemarle and Livent stock to Hold from Buy, and slashed his price targets.
Albemarle Corporation Announces Dividend
CHARLOTTE, N.C. , Oct. 23, 2023 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.40 per share.
Albemarle Shares Tumble After BofA Downgrade, Anticipating Softness in Lithium Market
Lithium producer Albemarle (ALB) was the worst-performing stock in the S&P 500 on Wednesday as shares fell 9.8% after Bank of America downgraded the stock and slashed its price target, arguing that th...
Albemarle's stock drops to lowest in two years after rating downgrade
Shares of lithium miner Albemarle Corp. on Wednesday traded at their lowest in more than two years, after being hit by a rating downgrade from analysts at BofA Securities.
ALBEMARLE CLOSES AMENDED MARBL LITHIUM JOINT VENTURE ARRANGEMENT
CHARLOTTE, N.C. , Oct. 18, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced today it ha...
Albemarle withdraws revised bid to acquire Liontown, citing 'growing complexities'
(Kitco News) - Lithium developer Liontown Resources (ASX: LTR) announced Monday that Albemarle (NYSE: ALB), the world's leading lithium producer, has withdrawn its non-binding proposal to acquire all ...
Albemarle, Liontown Lithium Deal Is Over. It Got Too Complicated.
Lithium firm Albemarle is abandoning a bid for Australia's Liontown after a third party got involved.