Investor Survey: Target Price in Focus on Shares of Albemarle Corporation (NYSE:ALB)

December 13, 2017

Sell-side analysts following Albemarle Corporation (NYSE:ALB) have been making their best calculations on where they believe the stock is heading.  Combining estimates from polled analysts used by Zacks Research, we can see that the consensus target price is currently $143.19 on the stock. This number may vary from other data providers providing consensus target estimates. Covering analysts may use different methods in order to create a future target price. Because of the various methods used, price targets may be widely different from one covering analyst to the next. 

Following a pre-defined trading system might be a solid choice for securing profits in the stock market. Defining goals before creating a plan can be a good way to start the trader off on the right path. There are bound to be many ups and downs throughout the trading process. Being able to manage wins and losses may be one of the most important factors to becoming a successful trader. Without a researched plan, traders may realize how quick the losses can pile up. Properly managing risk, position size, entry and exit points, and stops, may come with experience, but it is typically necessary in order to stay above water in the fast paced market environment.

Investors may be following some historical price data on shares of Albemarle Corporation (NYSE:ALB). Over the past 12 weeks, the stock has seen a change of 0.09%. If we go back to the beginning of the year, we can see that shares have changed 52.35%. Over the last 4 weeks, shares have seen a change of -8.53%. Over the last 5 trading sessions, the stock has moved 1.39%. Investors will be monitoring stock activity over the next few weeks to try and gauge which way the momentum is leaning. Checking on some possible support and resistance levels, we have noted that that the 52-week high is currently $144.58, and the 52-week low is currently $86.08. When shares are trading close to the 52-week high or 52-week low, investors might be paying added attention. Looking at some recent action, we note that the stock has been seen trading near the $131.14 mark.

We can now shift the focus to some company earnings data. Based on projections provided by 17 individual Wall Street analysts polled by Zacks Research, Albemarle Corporation (NYSE:ALB) has a current quarter EPS consensus estimate of 1.21. For the prior reporting period, the company posted quarterly earnings per share of 1.08. As earnings season continues, investors will be closely tracking analyst estimates. Sell-side analysts often make updates before and after the company reports earnings numbers. Following analyst estimate updates leading up to the earnings release may offer some good insight into the direction that the estimates are trending. Investors will be watching to see which companies post the largest earnings surprises this quarter.

Taking a look at the current consensus broker rating for Albemarle Corporation (NYSE:ALB), we note that the ABR is 2.12. This Zacks consensus rating follows a numerical scale where a number in the 1-2 range generally represents a Buy, a 3 would indicate a Hold and 4-5 signals a Sell rating. In terms of the number of bullish analysts that have the stock rated a Buy or Strong Buy, we can see that the number is currently 8.

Investors looking to secure stock market profits may be tweaking an existing strategy or looking to devise a brand new one. As the stock market keeps charging higher, investors will have to figure out how they want to play the next few months. Identifying market tops and possible correction levels may be very tricky. With the markets trading at current levels, the situation for the average investor may be widely varied. Some investors will be trading with a shorter-term plan, while others may be focused on a longer-term investment time frame. There are many financial professionals who are predicting a sharp reversal in the stock market, but there are also those who believe that the upswing will keep pushing stocks higher over the coming months. Investors will need to decide for themselves which way they think the momentum is going to swing and prepare accordingly.

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By DR Staff Writer

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