Arcadium Lithium (NYSE:ALTM) Downgraded by Raymond James to Hold

Raymond James downgraded shares of Arcadium Lithium (NYSE:ALTM) from a strong-buy rating to a hold rating in a report issued on Thursday morning, Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. UBS Group upgraded Arcadium Lithium to a hold rating in a research note on Tuesday, September 3rd. Royal Bank of Canada raised Arcadium Lithium to a moderate buy rating in a report on Tuesday, June 25th. Hsbc Global Res raised Arcadium Lithium to a hold rating in a report on Thursday. KeyCorp downgraded shares of Arcadium Lithium from a strong-buy rating to a hold rating in a research note on Thursday. Finally, Scotiabank upgraded shares of Arcadium Lithium from a hold rating to a strong-buy rating in a report on Monday, October 7th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $11.00.

Arcadium Lithium Stock Performance

Shares of NYSE ALTM opened at $5.56 on Thursday. The stock has a market cap of $5.98 billion, a PE ratio of 5.35 and a beta of 1.61. The business has a fifty day moving average of $2.87 and a two-hundred day moving average of $3.58. Arcadium Lithium has a 52-week low of $2.19 and a 52-week high of $18.96.

Arcadium Lithium (NYSE:ALTM) last posted its earnings results 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.