Arcadium Lithium (NYSE:ALTM – Get Free Report) was upgraded by equities researchers at Hsbc Global Res to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.
A number of other analysts have also recently issued reports on the company. Royal Bank of Canada raised Arcadium Lithium to a “moderate buy” rating in a research report on Tuesday, June 25th. UBS Group upgraded Arcadium Lithium to a “hold” rating in a research note on Tuesday, September 3rd. Finally, Scotiabank upgraded Arcadium Lithium from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 7th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.00.
Arcadium Lithium Stock Up 0.5 %
Arcadium Lithium (NYSE:ALTM – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $254.50 million during the quarter, compared to the consensus estimate 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.
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