Arcadium Lithium plc (NYSE:ALTM) Given Consensus Rating of “Hold” by Brokerages

Shares of Arcadium Lithium plc (NYSE:ALTM) have been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $11.00.

ALTM has been the topic of a number of analyst reports. Piper Sandler upgraded Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Macquarie cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Hsbc Global Res upgraded shares of Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. B. Riley downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Raymond James downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th.

Arcadium Lithium Stock Up 0.4 %

Shares of ALTM opened at $5.25 on Friday. The company has a 50 day moving average of $4.82 and a 200-day moving average of $3.85. The stock has a market capitalization of $5.65 billion, a P/E ratio of 19.44 and a beta of 1.48. Arcadium Lithium has a twelve month low of $2.19 and a twelve month 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 (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $203.10 million for the quarter, compared to analysts’ expectations 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.