Arcadium Lithium plc (NYSE:ALTM) Receives $11.00 Consensus Target Price from Analysts

Arcadium Lithium plc (NYSE:ALTM) has received an average recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have covered the stock in the last year is $11.00.

Several equities research analysts have issued reports on the company. UBS Group upgraded Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. Raymond James downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. KeyCorp downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler upgraded Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Scotiabank downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday.

Arcadium Lithium Trading Down 1.3 %

Arcadium Lithium stock opened at $5.30 on Wednesday. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $18.77. The business’s 50 day simple moving average is $4.03 and its 200 day simple moving average is $3.78. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 19.87 and a beta of 1.48.

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