Arcadium Lithium (NYSE:ALTM) Stock Rating Upgraded by Hsbc Global Res

Hsbc Global Res upgraded shares of Arcadium Lithium (NYSE:ALTM) to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.

Other analysts have also issued research reports about the stock. Scotiabank raised shares of Arcadium Lithium from a hold rating to a strong-buy rating in a report on Monday, October 7th. Royal Bank of Canada raised shares of Arcadium Lithium to a moderate buy rating in a research report on Tuesday, June 25th. Finally, UBS Group raised shares of Arcadium Lithium to a hold rating in a report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $11.00.

Arcadium Lithium Price Performance

NYSE ALTM opened at $5.56 on Thursday. Arcadium Lithium has a fifty-two week low of $2.19 and a fifty-two week high of $18.96. The stock’s 50-day moving average is $2.87 and its two-hundred day moving average is $3.58. The firm has a market cap of $5.98 billion, a P/E ratio of 5.35 and a beta of 1.61.

Arcadium Lithium (NYSE:ALTM) last released its earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The firm 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.