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

Shares of Arcadium Lithium plc (NYSE:ALTM) have been given a consensus rating of “Hold” by the ten analysts that are presently covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation. The average 12 month price target among analysts that have issued a report on the stock in the last year is $11.00.

ALTM has been the topic of a number of research analyst reports. Argus downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Raymond James lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Piper Sandler raised shares of Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 16th. B. Riley cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, KeyCorp lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th.

Arcadium Lithium Trading Up 0.3 %

Arcadium Lithium stock opened at $5.74 on Monday. The company has a 50-day moving average price of $5.27 and a 200 day moving average price of $4.19. Arcadium Lithium has a 12-month low of $2.19 and a 12-month high of $5.75. The stock has a market cap of $6.17 billion, a P/E ratio of 21.24 and a beta of 1.43.

Arcadium Lithium (NYSE:ALTM) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The firm 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.