Equities research analysts at KeyCorp began coverage on shares of Livent (NYSE:LTHM) in a note issued to investors on Wednesday, The Fly reports. The brokerage set a “sector weight” rating on the stock.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Livent from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Seaport Global Securities downgraded shares of Livent from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 21st. BMO Capital Markets lowered shares of Livent from a “market perform” rating to an “underperform” rating and set a $7.50 price objective on the stock. in a report on Friday, February 21st. Credit Suisse Group cut shares of Livent from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $9.00 to $11.00 in a research report on Tuesday, February 18th. Finally, Vertical Research downgraded Livent from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Livent currently has a consensus rating of “Hold” and an average price target of $8.80.
Shares of NYSE:LTHM traded up $0.62 during mid-day trading on Wednesday, hitting $5.40. 3,722,100 shares of the company traded hands, compared to its average volume of 3,356,818. The firm has a market cap of $774.02 million, a P/E ratio of 15.43, a PEG ratio of 6.07 and a beta of 1.77. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.29 and a current ratio of 2.22. Livent has a 52-week low of $3.95 and a 52-week high of $13.09. The firm’s 50 day simple moving average is $8.72 and its 200 day simple moving average is $8.02.
Livent (NYSE:LTHM) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. Livent had a return on equity of 11.53% and a net margin of 12.93%. The firm had revenue of $78.40 million during the quarter, compared to analysts’ expectations of $76.61 million. During the same quarter in the prior year, the business earned $0.23 EPS. Livent’s quarterly revenue was down 34.6% compared to the same quarter last year. Equities research analysts expect that Livent will post 0.23 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in Livent by 2.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 63,545 shares of the company’s stock valued at $544,000 after purchasing an additional 1,241 shares during the period. Mason Street Advisors LLC increased its position in Livent by 2.6% in the fourth quarter. Mason Street Advisors LLC now owns 50,846 shares of the company’s stock worth $435,000 after buying an additional 1,278 shares during the period. New York State Teachers Retirement System lifted its stake in Livent by 0.6% in the fourth quarter. New York State Teachers Retirement System now owns 227,105 shares of the company’s stock valued at $1,942,000 after buying an additional 1,400 shares during the last quarter. First Trust Advisors LP lifted its stake in Livent by 1.0% in the third quarter. First Trust Advisors LP now owns 142,833 shares of the company’s stock valued at $956,000 after buying an additional 1,427 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Livent by 2.5% during the fourth quarter. Janus Henderson Group PLC now owns 62,840 shares of the company’s stock valued at $537,000 after acquiring an additional 1,536 shares during the period. 98.06% of the stock is owned by hedge funds and other institutional investors.
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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