Analysts Set Arcadium Lithium plc (NYSE:ALTM) Price Target at $11.00

Arcadium Lithium plc (NYSE:ALTM - Get Free Report) has earned a consensus rating of "Hold" from the ten ratings firms that are covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $11.00.

ALTM has been the subject of a number of analyst reports. Macquarie lowered Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 15th. Raymond James downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. TD Cowen cut Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 14th. Scotiabank lowered shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, B. Riley lowered shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 12th.

Arcadium Lithium Stock Up 0.4 %

ALTM traded up $0.03 during trading on Monday, hitting $5.73. 9,152,021 shares of the company traded hands, compared to its average volume of 23,288,029. Arcadium Lithium has a one year low of $2.19 and a one year high of $5.73. The stock's fifty day moving average is $5.26 and its 200 day moving average is $4.16. The firm has a market cap of $6.16 billion, a P/E ratio of 21.20 and a beta of 1.43.

Arcadium Lithium (NYSE:ALTM - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $263.14 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.