Albemarle Co. (NYSE:ALB) has been the subject of a flurry of activity in the stock market. Movement in stock ownership has been noted by Dana Investment Advisors Inc., Amalgamated Bank, and Swiss National Bank, among others. Although forecasts for Albemarle's FY2025 EPS have been raised by some analysts, others have cut their estimates. Albemarle has also opted to accelerate its lithium growth via a $1.75B offering and has selected South Carolina as the site of its $1.3B lithium plant. Price targets for the company have been revised by various firms, with Royal Bank of Canada setting it at a new $157. Expectations for Albemarle's Q1 earnings are mixed, and its stock performance has been inconsistent despite its underlying earnings growth over the last five years. Additionally, it was named one of the most shorted S&P 500 stocks in March. Insider stock purchases totaled $1.66M, offsetting Albemarle's $1.6B market value dip. Despite challenges in market performance and earnings, Albemarle is considered by some to be a good long-term value stock, particularly in terms of its recovery and future potential in the lithium market.
Albemarle Stocks ALB News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Sun, 12 May 2024 21:53:25 GMT -
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