Albemarle Corp (NYSE: ALB) has reported E.P.S. of $-1.96 for its second fiscal quarter (ending June 30) versus $5.54 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-4.71 compared to $33.43 a year ago.
Recent Price Action
Albemarle Corp (NYSE: ALB) stock closed at $93.67 on 7/31/24 after an increase of 1.3%. Moreover, this advance was accompanied by unusually high trading volume at 196% of normal. The stock has risen 2.4% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ALB is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Albemarle has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Albemarle has a good Appreciation Score of 78 but a very low Power Rating of 4, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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