ALB - Albemarle Corporation
After hours:
| Previous close | 204.97 |
| Open | 208.30 |
| Bid | 204.23 x 1800 |
| Ask | 204.26 x 2200 |
| Day's range | 201.02 - 208.63 |
| 52-week range | 171.82 - 334.55 |
| Volume | |
| Avg. volume | 2,300,864 |
| Market cap | 23.935B |
| Beta (5Y monthly) | 1.54 |
| PE ratio (TTM) | 6.54 |
| EPS (TTM) | 31.19 |
| Earnings date | 01 Aug 2023 - 07 Aug 2023 |
| Forward dividend & yield | 1.60 (0.78%) |
| Ex-dividend date | 15 Jun 2023 |
| 1y target est | 265.98 |
ZacksHere's Why You Should Hold Onto Albemarle (ALB) Stock for Now
While Albemarle (ALB) faces headwinds from high input costs, it benefits from higher lithium volumes and actions to boost its global lithium capacity.
ZacksAlbemarle (ALB) to Supply Battery-Grade Lithium Hydroxide to Ford
In addition to the supply of lithium hydroxide, Albemarle (ALB) and Ford plan to explore collaborations to build a closed-loop solution for lithium-ion battery recycling.
ZacksAlbemarle Corporation (ALB) is Attracting Investor Attention: Here is What You Should Know
Albemarle (ALB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Motley FoolLithium Stocks: Albemarle vs. SQM -- Whose Lithium Business Did Best in Q1?
This face-off between two of the major producers of the EV battery metal should help you make investing decisions in this space.
- Investing.com
4 big analyst picks: Meta stock a buy on sprightly revenue prospects
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Meta, Charles Schwab, Albemarle, and Gilead Sciences. Loop Capital upgraded Meta Platforms (NASDAQ:META) to Buy from Hold with a Street high price target of $320.00, as InvestingPro reported in real time. Charles Schwab (NYSE:SCHW) shares rose more than 4% yesterday after Raymond James upgraded the company to Outperform from Market Perform, establishing a $63 target price.
Motley FoolWhy Albemarle Stock Bounced Off Lows This Week
After falling consistently in recent months, Albemarle (NYSE: ALB) stock reversed course this week and was trading up 10% as of 10 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. Bumper numbers from Albemarle and lithium prices rebounding after a steep recent fall proved to be the perfect catalysts for investors to hit the buy button. Lithium carbonate prices hit 19-month lows on April 24 on oversupply concerns and fears of declining electric vehicle (EV) sales.
Motley FoolTop Lithium Stock Albemarle Reduces 2023 Outlook, but Business Is Still In Overdrive
Currently, lithium carbonate, a key ingredient in EV batteries, is down some 70% from highs but back to where it was priced just in late 2021. Bear in mind that Albemarle, a global mining company that has been around for decades, made a hard pivot to lithium in the last few years. This explains why Albemarle's first-quarter 2023 revenue more than doubled year over year, up 129% to $2.6 billion.
- Investing.com
4 big analyst picks: Albemarle scores fresh Overweight rating
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Albemarle, Euronav, Arcturus Therapeutics, and Palo Alto Networks. KeyBanc upgraded Albemarle (NYSE:ALB) to Overweight from Sector Weight with a price target of $270, as reported in real time on InvestingPro. KeyBanc expects demand for lithium in China to improve after a downturn that started in November 2022, noting that its recent checks from the Li industry in China indicate that inventories at the battery cell/EV OEM level are declining, and could bottom out in the coming months.
ZacksWall Street Analysts See Albemarle (ALB) as a Buy: Should You Invest?
The average brokerage recommendation (ABR) for Albemarle (ALB) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
ZacksAlbemarle Corporation (ALB) Is a Trending Stock: Facts to Know Before Betting on It
Albemarle (ALB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Motley FoolAlbemarle Earnings Crush Estimates, but 2023 Outlook Cut Due to Falling Lithium Prices
In Q1, the lithium giant's earnings soared 334%, driven by powerful lithium demand for EV batteries
Motley FoolAlbemarle (ALB) Q1 2023 Earnings Call Transcript
Thank you, Forum, and welcome, everyone, to Albemarle's first-quarter 2023 earnings conference call. Joining me on the call today are Kent Masters, chief executive officer; and Scott Tozier, chief financial officer.
ZacksAlbemarle's (ALB) Q1 Earnings Top Estimates, Revenues Miss
Albemarle (ALB) gains on higher lithium pricing and increased volumes in the first quarter.
ZacksAnalysts Estimate Huntsman (HUN) to Report a Decline in Earnings: What to Look Out for
Huntsman (HUN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ZacksAlbemarle (ALB) to Post Q1 Earnings: What's in the Cards?
Albemarle (ALB) is likely to have benefited from higher lithium prices and volumes and its cost-reduction actions in the first quarter amid headwinds from higher input costs.
ReutersChile's lithium takeover plan faces technical, political challenges
SANTIAGO (Reuters) -While Chile's plan to take control of its lithium industry has caused global shockwaves, state-led production of the metal used to make electric vehicle batteries is seen by analysts as likely years away given technical and political challenges. President Gabriel Boric last week said he would move to gradually nationalize the country's lithium industry, which holds the world's largest reserves of the metal, in a bid to boost Chile's economy. The plan relies on negotiations with lithium producers, public-private partnerships with technology companies, tense negotiations with political rivals, and the creation of a national lithium company, all of which could take years to accomplish, analysts said.
Zacks4 Chemical Stocks Poised to Outshine Q1 Earnings Estimates
While softer demand in certain end markets is likely to be a drag, Albemarle (ALB), DuPont (DD), Axalta (AXTA) and LyondellBasell (LYB) are likely to have benefited from cost and pricing actions in Q1.
ZacksAlbemarle (ALB) Earnings Expected to Grow: Should You Buy?
Albemarle (ALB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks
CF Industries (CF) to Report Q1 Earnings: What's in Store?
CF Industries' (CF) first-quarter performance will likely reflect the impacts of softer nitrogen prices and high natural gas costs.
ZacksInvestors Heavily Search Albemarle Corporation (ALB): Here is What You Need to Know
Zacks.com users have recently been watching Albemarle (ALB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- Zacks
FMC Corp (FMC) to Report Q1 Earnings: What's in Store?
FMC Corp.'s (FMC) first-quarter performance is likely to have gained from healthy demand, pricing actions and new products.
Motley FoolWhy Albemarle Stock Crashed 10% Friday
Lithium investors are having a bad day Friday, as reports out of Chile that President Gabriel Boric intends to nationalize the Chilean lithium industry devastate shares of lithium companies with interests in the country. This is bad news for investors in lithium stock Albemarle (NYSE: ALB), shares of which are down 10.4% as of 3 p.m. ET on the news. Specifically, the good news is that while Albemarle may be hurt by Chile's action, it won't be hurt as badly as Sociedad Quimica y Minera de Chile (NYSE: SQM), another lithium miner that's seeing its shares devastated today.
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