Arcadium Lithium plc (NYSE:ALTM) Receives Average Recommendation of “Hold” from Brokerages

Arcadium Lithium plc (NYSE:ALTM) has earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating. The average 1 year price target among brokerages that have covered the stock in the last year is $11.00.

Several research firms have recently weighed in on ALTM. Piper Sandler raised shares of Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 16th. B. Riley cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. UBS Group upgraded Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. KeyCorp lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Hsbc Global Res raised shares of Arcadium Lithium to a “hold” rating in a report on Thursday, October 10th.

Arcadium Lithium Price Performance

Shares of ALTM opened at $5.26 on Thursday. 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 $5.66 billion, a PE ratio of 19.48 and a beta of 1.44. The stock’s 50-day moving average is $5.27 and its two-hundred day moving average is $3.91.

Arcadium Lithium (NYSE:ALTM) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The business had revenue of $203.10 million during 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.