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

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

Several other equities analysts have also recently weighed in on the stock. UBS Group upgraded shares of Arcadium Lithium to a hold rating in a research note on Tuesday, September 3rd. Hsbc Global Res upgraded shares of Arcadium Lithium to a hold rating in a research report on Thursday. Royal Bank of Canada raised shares of 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 report on Monday, October 7th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $11.00.

Arcadium Lithium Price Performance

Shares of NYSE ALTM opened at $5.56 on Thursday. Arcadium Lithium has a 1 year low of $2.19 and a 1 year high of $18.96. The firm has a 50-day moving average of $2.87 and a 200 day moving average of $3.59. The stock has a market cap of $5.97 billion, a P/E ratio of 5.34 and a beta of 1.61.

Arcadium Lithium (NYSE:ALTM) last announced 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 firm 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.