Piper Sandler Upgrades Arcadium Lithium (NYSE:ALTM) to Hold

Piper Sandler upgraded shares of Arcadium Lithium (NYSE:ALTM) from a strong sell rating to a hold rating in a research note published on Wednesday, Zacks.com reports.

Several other brokerages have also recently weighed in on ALTM. KeyCorp cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. UBS Group raised Arcadium Lithium to a “hold” rating in a report on Tuesday, September 3rd. Scotiabank raised 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 research report on Thursday, October 10th. Finally, TD Cowen lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.00.

Arcadium Lithium Price Performance

Shares of NYSE:ALTM opened at $5.53 on Wednesday. The firm has a market capitalization of $5.95 billion, a PE ratio of 5.32 and a beta of 1.61. The company has a 50-day moving average price of $3.10 and a two-hundred day moving average price of $3.62. Arcadium Lithium has a twelve month low of $2.19 and a twelve month high of $18.77.

Arcadium Lithium (NYSE:ALTM) last announced its quarterly 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 for the quarter, compared to analysts’ expectations 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.