In yesterday’s Wall Street session, Livent Corporation (NYSE:LTHM) shares traded at $17.34, down -5.50% from the previous session.
As of this writing, 19 analysts cover Livent Corporation (NYSE:LTHM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $27.00, we find $31.00. Given the previous closing price of $18.35, this indicates a potential upside of 68.94 percent. LTHM stock price is now -24.67% away from the 50-day moving average and -26.07% away from the 200-day moving average. The market capitalization of the company currently stands at $3.11B.
There are 4 analysts who have given it a hold rating, whereas 13 have given it a buy rating. Brokers who have rated the stock have averaged $32.32 as their price target over the next twelve months.
With the price target maintained at $30, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Livent Corporation (NYSE: LTHM).
Insiders disposed of 29,907 shares of company stock worth roughly $0.52 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LTHM stock. A new stake in Livent Corporation shares was purchased by SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC during the first quarter worth $16,319,000. JOHO CAPITAL LLC invested $12,311,000 in shares of LTHM during the first quarter. In the first quarter, PEREGRINE CAPITAL MANAGEMENT LLC acquired a new stake in Livent Corporation valued at approximately $6,470,000. LISANTI CAPITAL GROWTH, LLC acquired a new stake in LTHM for approximately $4,798,000. YAUPON CAPITAL MANAGEMENT LP purchased a new stake in LTHM valued at around $3,783,000 in the second quarter. In total, there are 629 active investors with 96.10% ownership of the company’s stock.
During the past 12 months, Livent Corporation has had a low of $18.26 and a high of $35.81. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 3.80, and a quick ratio of 2.40. According to the stock market information, the enterprise value for the company is $3.38B, which is based on a 9.93 price-to-earnings ratio, a 0.33 price-to-earnings-growth ratio, and a beta of 1.85. The fifty day moving average price for LTHM is $22.80 and a two-hundred day moving average price translates $23.40 for the stock.
The latest earnings results from Livent Corporation (NYSE: LTHM) was released for Jun, 2023. According to the Specialty Chemicals Company, earnings per share came in at $0.51, beating analysts’ expectations of $0.47 by 0.04. This compares to $0.31 EPS in the same period last year. The net profit margin was 38.80% and return on equity was 24.30% for LTHM. The company reported revenue of $235.8 million for the quarter, compared to $218.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.82 percent. For the current quarter, analysts expect LTHM to generate $273.96M in revenue.
