Livent Corporation (NASDAQ:LTHM) Given Consensus Rating of “Hold” by Brokerages
Livent Corporation (NASDAQ:LTHM) has earned an average rating of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.96.
Several equities analysts have commented on LTHM shares. Credit Suisse Group set a €38.00 ($44.19) price target on shares of Dialog Semiconductor and gave the stock a “buy” rating in a research note on Thursday, May 9th. Vertical Research downgraded shares of Livent from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Bank of America reiterated a “hold” rating on shares of TELUS in a research note on Friday, May 10th. Argus boosted their target price on shares of Leidos to $82.00 and gave the stock a “positive” rating in a research note on Thursday, May 16th. Finally, Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. acquired a new position in Livent in the fourth quarter valued at $31,000. Exane Derivatives acquired a new position in Livent in the first quarter valued at $32,000. First Mercantile Trust Co. acquired a new position in Livent in the first quarter valued at $33,000. Synovus Financial Corp acquired a new position in Livent in the first quarter valued at $39,000. Finally, Shell Asset Management Co. acquired a new position in Livent in the first quarter valued at $40,000.
Livent (NASDAQ:LTHM) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). The business had revenue of $98.30 million for the quarter, compared to analyst estimates of $105.43 million. Livent’s quarterly revenue was down 4.4% on a year-over-year basis.
Livent Company Profile
Livent Corporation manufactures and sells performance lithium compounds that are used primarily in energy storage, specialty polymers, and chemical synthesis application. The company offers lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in high performance lithium-ion batteries; and supplies butyllithium, which is used as a synthesizer in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds, including high purity lithium metal, which is used in the production of lightweight materials for aerospace applications and non-rechargeable batteries.
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