Arcadium Lithium plc (NYSE:ALTM) Receives $11.00 Average PT from Analysts

Shares of Arcadium Lithium plc (NYSE:ALTM) have earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $11.00.

A number of analysts have commented on ALTM shares. Piper Sandler upgraded Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Macquarie downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Raymond James downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Scotiabank upgraded Arcadium Lithium from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 7th. Finally, Royal Bank of Canada upgraded Arcadium Lithium to a “moderate buy” rating in a research report on Tuesday, June 25th.

Arcadium Lithium Stock Down 0.2 %

ALTM opened at $5.52 on Friday. The firm has a market capitalization of $5.94 billion, a P/E ratio of 5.31 and a beta of 1.61. The stock’s 50 day moving average price is $3.15 and its two-hundred day moving average price is $3.63. Arcadium Lithium has a 12-month low of $2.19 and a 12-month high of $18.77.

Arcadium Lithium (NYSE:ALTM) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $254.50 million during the quarter, compared to the consensus estimate of $253.63 million.

Arcadium Lithium Company Profile

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.