Arcadium Lithium plc (NYSE:ALTM) Receives Average Recommendation of “Hold” from Brokerages

Arcadium Lithium plc (NYSE:ALTM) has received a consensus recommendation of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $11.00.

Several equities research analysts have issued reports on the company. TD Cowen lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Hsbc Global Res raised Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th. KeyCorp cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler raised Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Scotiabank cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th.

Arcadium Lithium Stock Down 0.2 %

ALTM opened at $5.13 on Thursday. The firm has a 50-day moving average price of $5.23 and a 200-day moving average price of $3.97. Arcadium Lithium has a twelve month low of $2.19 and a twelve month high of $18.62. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 19.00 and a beta of 1.44.

Arcadium Lithium (NYSE:ALTM) last issued its earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $203.10 million during the quarter, compared to analyst estimates of $263.14 million.

About Arcadium Lithium

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.