FY2021 Earnings Forecast for Li-Cycle Holdings Corp Issued By Piper Sandler (NYSE:LICY)

Li-Cycle Holdings Corp (NYSE:LICY) – Investment analysts at Piper Sandler raised their FY2021 EPS estimates for shares of Li-Cycle in a research report issued to clients and investors on Tuesday, January 11th. Piper Sandler analyst G. Tuttle now forecasts that the company will earn ($0.55) per share for the year, up from their prior forecast of ($0.56). Piper Sandler also issued estimates for Li-Cycle’s Q2 2022 earnings at ($0.01) EPS, Q3 2022 earnings at ($0.01) EPS, Q4 2022 earnings at ($0.02) EPS, FY2022 earnings at ($0.05) EPS, Q1 2023 earnings at $0.02 EPS and FY2023 earnings at $0.45 EPS.

Other research analysts have also recently issued research reports about the company. UBS Group began coverage on Li-Cycle in a research note on Wednesday, September 22nd. They issued a “buy” rating and a $15.00 target price on the stock. Wedbush began coverage on Li-Cycle in a research note on Monday, September 20th. They issued an “outperform” rating and a $14.00 target price on the stock. Zacks Investment Research raised Li-Cycle from a “sell” rating to a “hold” rating in a research note on Thursday. Chardan Capital increased their target price on Li-Cycle from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Citigroup began coverage on Li-Cycle in a research note on Monday, October 18th. They issued a “buy” rating and a $15.00 target price on the stock. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $14.56.

Li-Cycle stock opened at $9.09 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 4.17. Li-Cycle has a fifty-two week low of $7.69 and a fifty-two week high of $15.74. The stock has a fifty day moving average price of $11.32.

Several institutional investors have recently bought and sold shares of LICY. Moore Capital Management LP purchased a new stake in shares of Li-Cycle during the third quarter worth about $58,500,000. Invesco Ltd. purchased a new stake in shares of Li-Cycle during the third quarter worth about $39,101,000. Park West Asset Management LLC purchased a new stake in shares of Li-Cycle during the third quarter worth about $19,890,000. Soroban Capital Partners LP purchased a new stake in shares of Li-Cycle during the third quarter worth about $17,280,000. Finally, Balyasny Asset Management LLC purchased a new stake in shares of Li-Cycle during the third quarter worth about $11,936,000.

About Li-Cycle

Peridot Acquisition Corp. is a blank check company. It formed for the purpose of merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Peridot Acquisition Corp. is based in Houston, Texas.

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Earnings History and Estimates for Li-Cycle (NYSE:LICY)

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