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

Arcadium Lithium plc (NYSE:ALTM) has earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is $11.00.

Several equities research analysts recently commented on ALTM shares. KeyCorp downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. UBS Group raised shares of Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd. Macquarie downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Raymond James downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Hsbc Global Res upgraded Arcadium Lithium to a “hold” rating in a report on Thursday, October 10th.

Arcadium Lithium Price Performance

ALTM stock opened at $5.25 on Friday. Arcadium Lithium has a 1 year low of $2.19 and a 1 year high of $18.77. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 19.44 and a beta of 1.48. The company has a 50 day simple moving average of $4.82 and a 200 day simple moving average of $3.85.

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