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

Arcadium Lithium plc (NYSE:ALTM) has earned an average rating of “Hold” from the ten research firms that are covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $11.00.

ALTM has been the topic of a number of research analyst reports. UBS Group raised Arcadium Lithium to a “hold” rating in a report on Tuesday, September 3rd. Argus lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Raymond James lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler raised shares of Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Hsbc Global Res raised Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th.

Arcadium Lithium Stock Down 1.2 %

ALTM stock opened at $5.13 on Thursday. The company has a market capitalization of $5.52 billion, a PE ratio of 19.00 and a beta of 1.44. Arcadium Lithium has a 52-week low of $2.19 and a 52-week high of $18.77. The stock’s 50 day moving average is $5.25 and its two-hundred day moving average is $3.94.

Arcadium Lithium (NYSE:ALTM) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $203.10 million during the quarter, compared to analysts’ expectations of $263.14 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.