Arcadium Lithium (NYSE:ALTM) Stock Rating Lowered by Scotiabank

Scotiabank cut shares of Arcadium Lithium (NYSE:ALTM) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other analysts have also recently commented on ALTM. Piper Sandler upgraded shares of Arcadium Lithium from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 16th. Macquarie cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. TD Cowen cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. UBS Group upgraded shares of Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd. Finally, Raymond James cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Nine analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.00.

Arcadium Lithium Trading Down 1.0 %

Shares of ALTM stock opened at $5.25 on Monday. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $18.77. The stock has a market cap of $5.64 billion, a PE ratio of 19.67 and a beta of 1.48. The company’s fifty day moving average price is $4.09 and its 200-day moving average price is $3.79.

Arcadium Lithium (NYSE:ALTM) last announced its 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 firm had revenue of $203.10 million for the quarter, compared to analysts’ expectations of $263.14 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.