Macquarie Lowers Arcadium Lithium (NYSE:ALTM) to Hold

Macquarie downgraded shares of Arcadium Lithium (NYSE:ALTM) from a strong-buy rating to a hold rating in a research note published on Tuesday morning, Zacks.com reports.

ALTM has been the subject of a number of other reports. Raymond James lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. TD Cowen cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. 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 raised shares of Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada upgraded shares of Arcadium Lithium to a “moderate buy” rating in a research report on Tuesday, June 25th. Seven research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.00.

Arcadium Lithium Stock Down 0.2 %

Shares of ALTM opened at $5.52 on Tuesday. The company has a 50-day moving average price of $3.15 and a two-hundred day moving average price of $3.63. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 5.31 and a beta of 1.61. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $18.77.

Arcadium Lithium (NYSE:ALTM) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $254.50 million for 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.