Shares of Arcadium Lithium plc (NYSE:ALTM - Get Free Report) have been assigned an average rating of "Hold" from the eight research firms that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $11.00.
A number of analysts have issued reports on ALTM shares. Raymond James lowered Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. KeyCorp lowered Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. Hsbc Global Res raised Arcadium Lithium to a "hold" rating in a report on Thursday, October 10th. Macquarie lowered Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 15th. Finally, Scotiabank raised Arcadium Lithium from a "hold" rating to a "strong-buy" rating in a report on Monday, October 7th.
Read Our Latest Stock Report on ALTM
ALTM opened at $5.46 on Wednesday. The firm has a market capitalization of $5.87 billion, a P/E ratio of 8.02 and a beta of 1.48. The stock's 50 day moving average price is $3.82 and its two-hundred day moving average price is $3.74. Arcadium Lithium has a 12-month low of $2.19 and a 12-month high of $18.77.
Arcadium Lithium (NYSE:ALTM - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.05. The business had revenue of $254.50 million during the quarter, compared to analyst estimates of $253.63 million.
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.
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