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

Shares of Arcadium Lithium plc (NYSE:ALTM) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $11.00.

Several equities analysts recently weighed in on ALTM shares. TD Cowen lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday. Macquarie cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. UBS Group upgraded Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd. Hsbc Global Res upgraded Arcadium Lithium to a “hold” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada upgraded Arcadium Lithium to a “moderate buy” rating in a report on Tuesday, June 25th.

Arcadium Lithium Price Performance

NYSE ALTM opened at $5.54 on Friday. Arcadium Lithium has a 1-year low of $2.19 and a 1-year high of $18.77. The firm has a market capitalization of $5.96 billion, a P/E ratio of 5.33 and a beta of 1.61. The business’s 50-day simple moving average is $3.05 and its 200-day simple moving average is $3.61.

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