Critical Insights From Albemarle Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Albemarle (NYSE:ALB) received mixed analyst ratings with 6 somewhat bullish, 6 indifferent, and 1 somewhat bearish. The average 12-month price target is now $168.85, down from $213.92, with a high estimate of $308.00 and a low of $128.00. Analysts from firms including TD Cowen, Mizuho, Oppenheimer, UBS, Deutsche Bank, Keybanc, B of A Securities, Piper Sandler, BMO Capital, and RBC Capital have adjusted their ratings and price targets. Albemarle's financial performance shows strong market recognition, revenue growth, profitability, and effective asset utilization, with a market cap above industry averages, a revenue growth rate of 10.46%, a net margin of 13.09%, an ROE of 3.07%, an ROA of 1.59%, and a healthy debt-to-equity ratio of 0.37.
January 29, 2024 | 1:00 pm
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NEUTRAL IMPACT
Albemarle's mixed analyst ratings and lowered average price target may influence investor sentiment. Strong financial performance indicators could counterbalance the negative impact of reduced price targets.
While the reduction in the average price target could be seen as negative, the strong financial performance of the company, including revenue growth and profitability, may mitigate the impact on the stock price in the short term. The mixed ratings indicate that there is no consensus on the stock's direction, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100