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

Arcadium Lithium plc (NYSE:ALTM) has been assigned an average rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $11.00.

A number of research analysts have weighed in on the stock. UBS Group upgraded shares of Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. Scotiabank upgraded shares of Arcadium Lithium from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 7th. KeyCorp downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Royal Bank of Canada upgraded shares of Arcadium Lithium to a “moderate buy” rating in a research report on Tuesday, June 25th. Finally, Raymond James downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th.

Arcadium Lithium Stock Performance

NYSE:ALTM opened at $5.54 on Friday. The firm’s fifty day moving average is $2.93 and its two-hundred day moving average is $3.59. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 5.32 and a beta of 1.61. Arcadium Lithium has a one year low of $2.19 and a one year high of $18.77.

Arcadium Lithium (NYSE:ALTM) last issued its quarterly earnings data 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 during 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.