Arcadium Lithium (NYSE:ALTM) Stock Rating Lowered by Raymond James

Arcadium Lithium (NYSE:ALTM) was downgraded by equities research analysts at Raymond James from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

Several other brokerages also recently weighed in on ALTM. UBS Group raised shares of Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. KeyCorp cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Scotiabank upgraded shares of Arcadium Lithium from a “hold” rating to a “strong-buy” rating in a report on Monday, October 7th. Hsbc Global Res upgraded shares of Arcadium Lithium to a “hold” rating in a report on Thursday. Finally, Royal Bank of Canada upgraded shares of Arcadium Lithium to a “moderate buy” rating in a report on Tuesday, June 25th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Arcadium Lithium Trading Up 0.5 %

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

Arcadium Lithium (NYSE:ALTM) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $254.50 million during the quarter, compared to the consensus estimate 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.