Arcadium Lithium plc (NYSE:ALTM) Receives $11.00 Average Price Target from Brokerages

Shares of Arcadium Lithium plc (NYSE:ALTM) have earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.00.

A number of research firms have recently weighed in on ALTM. KeyCorp lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Hsbc Global Res upgraded Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th. Scotiabank downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Macquarie cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, B. Riley lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th.

Arcadium Lithium Price Performance

Shares of Arcadium Lithium stock opened at $5.11 on Friday. The stock has a market capitalization of $5.49 billion, a P/E ratio of 18.91 and a beta of 1.48. Arcadium Lithium has a one year low of $2.19 and a one year high of $18.77. The business’s 50 day simple moving average is $5.02 and its two-hundred day simple moving average is $3.86.

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