Arcadium Lithium (NYSE:ALTM) Downgraded by Raymond James to “Hold”

by · The Markets Daily

Raymond James downgraded shares of Arcadium Lithium (NYSE:ALTM – Free Report) from a strong-buy rating to a hold rating in a report released on Thursday morning, Zacks.com reports.

A number of other equities research analysts also recently issued reports on the stock. UBS Group raised 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 report on Thursday. KeyCorp downgraded shares of Arcadium Lithium from a strong-buy rating to a hold rating in a report on Thursday. Royal Bank of Canada raised Arcadium Lithium to a moderate buy rating in a research note on Tuesday, June 25th. Finally, Scotiabank raised Arcadium Lithium from a hold rating to a strong-buy rating in a research note 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. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $11.00.

View Our Latest Stock Report on ALTM

Arcadium Lithium Trading Up 0.5 %

Shares of ALTM stock opened at $5.56 on Thursday. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 5.35 and a beta of 1.61. Arcadium Lithium has a 12-month low of $2.19 and a 12-month high of $18.96. The stock’s 50-day moving average price is $2.87 and its 200-day moving average price is $3.58.

Arcadium Lithium (NYSE:ALTM – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share 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.

Arcadium Lithium Company Profile

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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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