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

Shares of Arcadium Lithium plc (NYSE:ALTMGet Free Report) have been given an average recommendation of “Hold” by the ten brokerages that are currently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $11.00.

ALTM has been the topic of several research analyst reports. B. Riley lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Piper Sandler raised shares of Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Macquarie lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Hsbc Global Res raised shares of Arcadium Lithium to a “hold” rating in a research report on Thursday, October 10th. Finally, Scotiabank lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th.

Check Out Our Latest Stock Analysis on Arcadium Lithium

Arcadium Lithium Price Performance

Shares of ALTM stock opened at $5.75 on Monday. The stock has a market cap of $6.18 billion, a P/E ratio of 21.28 and a beta of 1.43. The company has a fifty day moving average price of $5.30 and a two-hundred day moving average price of $4.23. Arcadium Lithium has a one year low of $2.19 and a one year high of $5.76.

Arcadium Lithium (NYSE:ALTMGet Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The business had revenue of $203.10 million for the quarter, compared to analysts’ expectations of $263.14 million.

Arcadium Lithium Company Profile

(Get Free Report

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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Analyst Recommendations for Arcadium Lithium (NYSE:ALTM)

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