Arcadium Lithium plc (NYSE:ALTM) Receives Consensus Recommendation of “Hold” from Brokerages

Arcadium Lithium plc (NYSE:ALTM) has earned an average rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $11.00.

A number of research firms have recently issued reports on ALTM. Hsbc Global Res upgraded shares of Arcadium Lithium to a “hold” rating in a research note on Thursday. Raymond James downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday. UBS Group upgraded Arcadium Lithium to a “hold” rating in a report on Tuesday, September 3rd. KeyCorp lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Scotiabank raised shares of Arcadium Lithium from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 7th.

Arcadium Lithium Stock Performance

NYSE:ALTM opened at $5.56 on Friday. The company has a 50-day moving average of $2.87 and a 200-day moving average of $3.59. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $18.96. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 5.34 and a beta of 1.61.

Arcadium Lithium (NYSE:ALTM) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $254.50 million for the quarter, compared to analyst estimates 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.