Arcadium Lithium (NYSE:ALTM) Cut to “Hold” at KeyCorp

KeyCorp lowered shares of Arcadium Lithium (NYSE:ALTM) from a strong-buy rating to a hold rating in a report released on Thursday morning, Zacks.com reports.

A number of other research firms have also weighed in on ALTM. Scotiabank upgraded Arcadium Lithium from a hold rating to a strong-buy rating in a research note on Monday, October 7th. Royal Bank of Canada upgraded Arcadium Lithium to a moderate buy rating in a research report on Tuesday, June 25th. UBS Group upgraded Arcadium Lithium to a hold rating in a research report on Tuesday, September 3rd. Finally, Hsbc Global Res upgraded shares of Arcadium Lithium to a hold rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $11.00.

Arcadium Lithium Stock Up 0.5 %

Shares of NYSE ALTM opened at $5.56 on Thursday. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $18.96. The business’s 50 day moving average price is $2.87 and its 200 day moving average price is $3.58. The firm has a market cap of $5.98 billion, a P/E ratio of 5.35 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 EPS for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $254.50 million during the quarter, compared to analysts’ expectations 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.