Albemarle (ALB) stock forecast for 2024. Forecast tables and graphs.







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Albemarle (ALB) stock forecast for 2024

Updated: April 8, 2024 (05:16)

Sector: Basic materials

The share price of Albemarle Corp. (ALB) now

What analysts predict: $146.67
52-week High/Low: $245.42 / $106.35

50/200 Day Moving Average: $121.56 / $155.65

This figure corresponds to the Average Price over the previous 50/200 days. For Albemarle stocks, the 50-day moving average is the resistance level today.

For Albemarle stocks, the 200-day moving average is the resistance level today.

Are you interested in Albemarle Corp. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Albemarle stock price in 2024. How much will one Albemarle share be worth in 2024? Is it worth taking profit / loss on ALB stock now or waiting? What are analysts' forecasts for Albemarle stock?

We forecast Albemarle stock performance using neural networks based on historical data on ALB stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.

Albemarle Corp. stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Albemarle analysts is $146.67. Today 200 Day Moving Average is the resistance level (155.65 $). 50 Day Moving Average is the support level (121.56 $).




Historical and forecast chart of Albemarle Corp. stock

The chart below shows the historical price of Albemarle stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the ALB stock price can be found in the table below.


Albemarle Corporation develops, manufactures and markets specialty chemicals around the world. It is a global company headquartered in Charlotte, North Carolina. It has almost 6 thousand employees and serves clients in about 100 countries. The corporation is one of the world leaders in the field of technologies for the production of fire-resistant chemicals.

The company was founded in February 1994. Starting with blotting paper, the company abandoned paper production in 1976, selling the business, and has been producing bromine in countries such as Jordan and France since the late 1990s.

Albemarle (ALB) Forecast for 2024

Month Target Pes. Opt. Vol., %
May 125.97 114.93 137.91 16.66 %
Jun 121.43 115.17 124.64 7.60 %
Jul 128.72 117.44 138.61 15.27 %
Aug 118.83 107.57 130.10 17.32 %
Sep 115.98 104.99 126.98 17.32 %
Oct 114.31 105.53 124.19 15.02 %
Nov 117.33 110.71 121.98 9.23 %
Dec 113.53 107.13 118.98 9.96 %

Albemarle information and performance

Albemarle Address

4250 CONGRESS STREET, SUITE 900, CHARLOTTE, NC, US

Market Capitalization: 14 508 461 000 $

Market capitalization of the Albemarle Corp. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of ALB shares in the company outstanding by the market price of one share.

EBITDA: 897 067 000 $

EBITDA of Albemarle is earnings before interest, income tax and depreciation of assets.

PE Ratio: 9.24

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 1.201

Price/earnings to growth

DPS: 1.6

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.013

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 13.36

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.662
Quarterly Revenue Growth YOY: -0.101
Trailing PE: 9.24

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 29.15

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 1.861

Enterprise Value (EV) /Revenue

EV To EBITDA: 22.58

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 117525000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Albemarle price target for 2024 by month


Target values for the price of one Albemarle share for May 2024.

The weighted average target price per Albemarle share in May 2024 is: 125.97.
In May, the Positive dynamics for Albemarle Corp. shares will prevail with possible monthly volatility of 16.660% volatility is expected.
Pessimistic target level: 114.93
Optimistic target level: 137.91

Target values for the price of one Albemarle share for Jun 2024.

The weighted average target price per Albemarle share in Jun 2024 is: 121.43.
In Jun, the Negative dynamics for Albemarle Corp. shares will prevail with possible monthly volatility of 7.599% volatility is expected.
Pessimistic target level: 115.17
Optimistic target level: 124.64

Target values for the price of one Albemarle share for Jul 2024.

The weighted average target price per Albemarle share in Jul 2024 is: 128.72.
In Jul, the Positive dynamics for Albemarle Corp. shares will prevail with possible monthly volatility of 15.267% volatility is expected.
Pessimistic target level: 117.44
Optimistic target level: 138.61

Target values for the price of one Albemarle share for Aug 2024.

The weighted average target price per Albemarle share in Aug 2024 is: 118.83.
In Aug, the Negative dynamics for Albemarle Corp. shares will prevail with possible monthly volatility of 17.318% volatility is expected.
Pessimistic target level: 107.57
Optimistic target level: 130.10

Target values for the price of one Albemarle share for Sep 2024.

The weighted average target price per Albemarle share in Sep 2024 is: 115.98.
In Sep, the Negative dynamics for Albemarle Corp. shares will prevail with possible monthly volatility of 17.318% volatility is expected.
Pessimistic target level: 104.99
Optimistic target level: 126.98

Target values for the price of one Albemarle share for Oct 2024.

The weighted average target price per Albemarle share in Oct 2024 is: 114.31.
In Oct, the Negative dynamics for Albemarle Corp. shares will prevail with possible monthly volatility of 15.022% volatility is expected.
Pessimistic target level: 105.53
Optimistic target level: 124.19

Target values for the price of one Albemarle share for Nov 2024.

The weighted average target price per Albemarle share in Nov 2024 is: 117.33.
In Nov, the Positive dynamics for Albemarle Corp. shares will prevail with possible monthly volatility of 9.235% volatility is expected.
Pessimistic target level: 110.71
Optimistic target level: 121.98

Target values for the price of one Albemarle share for Dec 2024.

The weighted average target price per Albemarle share in Dec 2024 is: 113.53.
In Dec, the Negative dynamics for Albemarle Corp. shares will prevail with possible monthly volatility of 9.962% volatility is expected.
Pessimistic target level: 107.13
Optimistic target level: 118.98



Albemarle (ALB) stock dividend

Albemarle last paid dividends on 03/14/2024. The next scheduled payment will be on 04/01/2024. The amount of dividends is $1.6 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Factor:

Last Split Date: 01/01/1970

Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.


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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.