Arcadium Lithium plc (NYSE:ALTM) Receives Average Rating of “Hold” from Analysts

Shares of Arcadium Lithium plc (NYSE:ALTM) have been given an average recommendation of “Hold” by the ten analysts that are currently covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $11.00.

A number of analysts have commented on the stock. Argus downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. B. Riley downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. KeyCorp downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Piper Sandler raised shares of Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Raymond James cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th.

Arcadium Lithium Stock Up 0.4 %

ALTM opened at $5.73 on Monday. The company has a market cap of $6.16 billion, a PE ratio of 21.20 and a beta of 1.43. Arcadium Lithium has a twelve month low of $2.19 and a twelve month high of $5.73. The company has a 50-day moving average price of $5.26 and a 200 day moving average price of $4.16.

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

Arcadium Lithium Company Profile

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.