Analysts Set Arcadium Lithium plc (NYSE:ALTM) Target Price at $11.00

Arcadium Lithium plc (NYSE:ALTM) has been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.00.

ALTM has been the subject of several research analyst reports. UBS Group upgraded shares of Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. Macquarie cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Argus downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Piper Sandler raised Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Raymond James lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th.

Arcadium Lithium Stock Performance

Shares of ALTM stock opened at $5.13 on Thursday. Arcadium Lithium has a 52-week low of $2.19 and a 52-week high of $18.77. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 19.00 and a beta of 1.44. The firm’s 50-day moving average is $5.25 and its 200-day moving average is $3.94.

Arcadium Lithium (NYSE:ALTM) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.01 EPS 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 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.