Arcadium Lithium plc (NYSE:ALTM - Get Free Report) has earned a consensus rating of "Hold" from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $11.00.
A number of equities research analysts have recently commented on the stock. Argus cut shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th. Macquarie cut Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 15th. Piper Sandler upgraded Arcadium Lithium from a "strong sell" rating to a "hold" rating in a research note on Wednesday, October 16th. Scotiabank downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, Hsbc Global Res upgraded shares of Arcadium Lithium to a "hold" rating in a research report on Thursday, October 10th.
Get Our Latest Stock Analysis on ALTM
Shares of Arcadium Lithium stock opened at $5.26 on Thursday. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $18.77. The firm's 50 day moving average is $5.27 and its two-hundred day moving average is $3.91. The firm has a market capitalization of $5.66 billion, a P/E ratio of 19.48 and a beta of 1.44.
Arcadium Lithium (NYSE:ALTM - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $203.10 million for the quarter, compared to analysts' expectations of $263.14 million.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Arcadium Lithium, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arcadium Lithium wasn't on the list.
While Arcadium Lithium currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.