Hsbc Global Res upgraded shares of Arcadium Lithium (NYSE:ALTM – Free Report) to a hold rating in a research note issued to investors on Thursday, Zacks.com reports.
Other analysts have also recently issued research reports about the stock. UBS Group raised shares of Arcadium Lithium to a hold rating in a research report on Tuesday, September 3rd. Royal Bank of Canada raised Arcadium Lithium to a moderate buy rating in a research report on Tuesday, June 25th. Finally, Scotiabank raised Arcadium Lithium from a hold rating to a strong-buy rating in a research report on Monday, October 7th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Arcadium Lithium currently has a consensus rating of Hold and an average price target of $11.00.
View Our Latest Report on ALTM
Arcadium Lithium Trading Up 0.5 %
Arcadium Lithium (NYSE:ALTM – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $254.50 million for the quarter, compared to analysts’ expectations of $253.63 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.
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