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

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

ALTM has been the subject of a number of research reports. Scotiabank raised shares of Arcadium Lithium from a “hold” rating to a “strong-buy” rating in a report on Monday, October 7th. Raymond James lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Hsbc Global Res raised shares of Arcadium Lithium to a “hold” rating in a report on Thursday, October 10th. TD Cowen downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Finally, UBS Group upgraded shares of Arcadium Lithium to a “hold” rating in a report on Tuesday, September 3rd.

Arcadium Lithium Stock Performance

Shares of NYSE ALTM opened at $5.36 on Wednesday. The firm has a fifty day moving average of $3.98 and a 200 day moving average of $3.77. The firm has a market cap of $5.76 billion, a PE ratio of 7.88 and a beta of 1.48. 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 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 company had revenue of $203.10 million for 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.