Brokerages Set Arcadium Lithium plc (NYSE:ALTM) PT at $11.00

Shares of Arcadium Lithium plc (NYSE:ALTM) have received an average rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $11.00.

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

Arcadium Lithium Stock Down 1.0 %

ALTM opened at $5.11 on Friday. The stock has a market cap of $5.50 billion, a PE ratio of 18.93 and a beta of 1.48. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $18.77. The business’s fifty day simple moving average is $4.92 and its 200 day simple moving average is $3.85.

Arcadium Lithium (NYSE:ALTM) last posted 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 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.