Livent (NYSE:LTHM) Rating Increased to Hold at Vertical Research

Livent (NYSE:LTHM) was upgraded by equities researchers at Vertical Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, The Fly reports.

Several other brokerages have also recently weighed in on LTHM. TheStreet upgraded Livent from a “d+” rating to a “c-” rating in a research report on Tuesday, December 10th. KeyCorp initiated coverage on Livent in a research report on Wednesday. They set a “sector weight” rating for the company. Zacks Investment Research cut Livent from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Seaport Global Securities cut Livent from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 21st. Finally, BMO Capital Markets cut Livent from a “market perform” rating to an “underperform” rating and set a $7.50 price target for the company. in a research report on Friday, February 21st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $8.80.

Shares of NYSE:LTHM traded up $0.45 during trading on Thursday, hitting $5.85. The stock had a trading volume of 96,496 shares, compared to its average volume of 2,926,542. Livent has a 12-month low of $3.95 and a 12-month high of $13.09. The stock has a market capitalization of $789.37 million, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 2.13 and a beta of 1.77. The company has a quick ratio of 1.29, a current ratio of 2.22 and a debt-to-equity ratio of 0.31. The stock has a 50-day simple moving average of $8.60 and a two-hundred day simple moving average of $8.01.

Livent (NYSE:LTHM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the 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 period last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was down 34.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Livent will post 0.23 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of LTHM. Islay Capital Management LLC acquired a new stake in Livent in the fourth quarter valued at approximately $27,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Livent in the fourth quarter valued at approximately $50,000. Marshall Wace LLP acquired a new stake in Livent in the first quarter valued at approximately $52,000. Virtu Financial LLC acquired a new stake in Livent in the third quarter valued at approximately $83,000. Finally, Tower Research Capital LLC TRC grew its holdings in Livent by 56.1% in the third quarter. Tower Research Capital LLC TRC now owns 13,380 shares of the company’s stock valued at $90,000 after purchasing an additional 4,806 shares during the period. 98.06% of the stock is currently owned by 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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Analyst Recommendations for Livent (NYSE:LTHM)

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