Arcadium Lithium (NYSE:ALTM) Rating Lowered to Hold at TD Cowen

TD Cowen cut shares of Arcadium Lithium (NYSE:ALTM) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning, Zacks.com reports.

A number of other research analysts have also issued reports on the company. Raymond James lowered Arcadium Lithium from a strong-buy rating to a hold rating in a report on Thursday, October 10th. Hsbc Global Res raised shares of Arcadium Lithium to a hold rating in a research note on Thursday, October 10th. Scotiabank upgraded shares of Arcadium Lithium from a hold rating to a strong-buy rating in a research note on Monday, October 7th. UBS Group upgraded shares of Arcadium Lithium to a hold rating in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada raised shares of Arcadium Lithium to a moderate buy rating in a report on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $11.00.

Arcadium Lithium Price Performance

Shares of NYSE:ALTM opened at $5.54 on Monday. Arcadium Lithium has a 1-year low of $2.19 and a 1-year high of $18.77. The stock has a market cap of $5.95 billion, a P/E ratio of 5.32 and a beta of 1.61. The firm has a fifty day moving average price of $2.93 and a 200 day moving average price of $3.59.

Arcadium Lithium (NYSE:ALTM) last announced its earnings results on Tuesday, August 6th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $254.50 million during 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.