Arcadium Lithium (NYSE:ALTM) Raised to “Hold” at Piper Sandler

Piper Sandler upgraded shares of Arcadium Lithium (NYSE:ALTM) from a strong sell rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

Several other analysts have also weighed in on the stock. Scotiabank raised shares of Arcadium Lithium from a “hold” rating to a “strong-buy” rating in a report on Monday, October 7th. KeyCorp cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Hsbc Global Res raised Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. Royal Bank of Canada upgraded Arcadium Lithium to a “moderate buy” rating in a research note on Tuesday, June 25th. Finally, TD Cowen downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.00.

Arcadium Lithium Price Performance

Shares of NYSE:ALTM opened at $5.53 on Wednesday. The business’s fifty day moving average price is $3.15 and its two-hundred day moving average price is $3.63. Arcadium Lithium has a fifty-two week low of $2.19 and a fifty-two week high of $18.77. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 5.32 and a beta of 1.61.

Arcadium Lithium (NYSE:ALTM) last issued its earnings results on Tuesday, August 6th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The firm 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.