Brokerages Set Arcadium Lithium plc (NYSE:ALTM) PT at $11.00

Shares of Arcadium Lithium plc (NYSE:ALTM) have been given an average recommendation of “Hold” by the ten analysts that are covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.00.

A number of research firms recently weighed in on ALTM. KeyCorp cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Raymond James lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. B. Riley downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Macquarie cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Scotiabank lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th.

Arcadium Lithium Stock Up 0.3 %

Shares of ALTM stock opened at $5.75 on Monday. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $5.76. The firm has a market cap of $6.18 billion, a PE ratio of 21.28 and a beta of 1.43. The stock has a 50 day moving average of $5.29 and a 200-day moving average of $4.21.

Arcadium Lithium (NYSE:ALTM) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $203.10 million for the quarter, compared to the consensus estimate of $263.14 million.

About Arcadium Lithium

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.