Albemarle (ALB) In the Spotlight Today

Albemarle rose 3.93% during the aftermarket session to $259.33 per share. As reported by Barrons: "Recent volatility in the stock market, and gloomy expectations for the price of the lithium, could amount to a way for investors to make some money, one analyst believes." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.

Albemarle Corporation is a fine chemical manufacturing company based in Charlotte, North Carolina. The company belongs to the Basic Materials sector, which has an average price to earnings (P/E) ratio of 10.03 and an average price to book (P/B) ratio of 2.08. In contrast, Albemarle has a trailing 12 month P/E ratio of 11.36 and a P/B ratio of 4.313.

Albemarle has moved 34.79% over the last year compared to -9.234238% for the S&P 500 -- a difference of 44.02%. Albemarle has a 52 week high of $334.02 and a 52 week low of $168.91. At today's price of $259.33 per share, Albemarle is -17.32% away from its target price of $313.67, and on average, analysts give the stock a rating of buy. 0.0385% of the company's shares are linked to short positions, and 87% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.