TD Cowen Lowers Arcadium Lithium (NYSE:ALTM) to Hold

Arcadium Lithium (NYSE:ALTM) was downgraded by TD Cowen from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.

Several other brokerages have also recently commented on ALTM. Scotiabank upgraded shares of Arcadium Lithium from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 7th. UBS Group upgraded shares of Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. Raymond James cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Hsbc Global Res upgraded shares of Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada upgraded shares of Arcadium Lithium to a “moderate buy” rating in a research report on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Arcadium Lithium Trading Down 0.2 %

ALTM opened at $5.53 on Monday. The stock has a market capitalization of $5.95 billion, a PE ratio of 5.32 and a beta of 1.61. Arcadium Lithium has a 1-year low of $2.19 and a 1-year high of $18.77. The firm has a 50-day moving average price of $2.99 and a two-hundred day moving average price of $3.59.

Arcadium Lithium (NYSE:ALTM) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $254.50 million during the quarter, compared to analyst estimates of $253.63 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.