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

KeyCorp downgraded shares of Arcadium Lithium (NYSE:ALTMFree Report) 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.

Check Out Our Latest Report on ALTM

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:ALTMGet Free Report) 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

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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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