Professional
Added to YB: 2024-03-13
Pitch date: 2024-03-11
ALB [bullish]
Albemarle Corporation
+41.5%
current return
Author Info
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Company Info
Albemarle Corporation provides energy storage solutions worldwide. It operates through three segments: Energy Storage, Specialties, and Ketjen.
Market Cap
$21.0B
Pitch Price
$122.28
Price Target
166.00 (-4%)
Dividend
0.91%
EV/EBITDA
23.02
P/E
-30.92
EV/Sales
4.88
Sector
Chemicals
Category
growth
Show full summary:
Albemarle Corporation: Recent weakness offers buying opportunity
ALB: 4Q23 adj net $217.6M, EPS $1.85, down due to 50% lithium price drop impacting EV demand. 2024 EPS est cut to $4.89, 2025 at $10.85 amid EV rebound. Insider buys & dividend rise signal strength. Recent $2B pref stock offering hit shares; recovery seen as lithium stabilizes. Buy rating, $166 PT.
Read full article (6 min)