In yesterday’s Wall Street session, Livent Corp (NYSE:LTHM) shares traded at $14.07, up 8.56% from the previous session.
19 analysts cover Livent Corp (NYSE:LTHM), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $18.00, we find $27.00. Given the previous closing price of $12.96, this indicates a potential upside of 108.33 percent. LTHM stock price is now -18.26% away from the 50-day moving average and -36.66% away from the 200-day moving average. The market capitalization of the company currently stands at $2.53B.
The stock has received a hold rating from 4 analysts and a buy rating from 14. Brokers who have rated the stock have averaged $25.99 as their price target over the next twelve months.
With the price target reduced from $27 to $21, Deutsche Bank Upgraded its rating from Hold to Buy for Livent Corp (NYSE: LTHM).
In other news, Graves Paul W, President and CEO sold 59,244 shares of the company’s stock on Oct 03. The stock was sold for $1,001,224 at an average price of $16.90. Upon completion of the transaction, the President and CEO now directly owns 336,418 shares in the company, valued at $4.73 million. Insiders disposed of 59,244 shares of company stock worth roughly $0.83 million over the past 1 year. A total of 0.87% of the company’s stock is owned by insiders.
During the past 12 months, Livent Corp has had a low of $12.76 and a high of $33.66. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 3.46, and a quick ratio of 1.99. According to the stock market information, the enterprise value for the company is $2.47B, which is based on a 7.85 price-to-earnings ratio, a 0.26 price-to-earnings-growth ratio, and a beta of 1.82. The fifty day moving average price for LTHM is $17.21 and a two-hundred day moving average price translates $22.21 for the stock.
The latest earnings results from Livent Corp (NYSE: LTHM) was released for Sep, 2023. According to the Specialty Chemicals Company, earnings per share came in at $0.44, missing analysts’ expectations of $0.46 by -0.02. This compares to $0.37 EPS in the same period last year. The net profit margin was 40.77% and return on equity was 24.24% for LTHM. The company reported revenue of $211.4 million for the quarter, compared to $231.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.72 percent. For the current quarter, analysts expect LTHM to generate $211.54M in revenue.
Livent Corp(LTHM) Company Profile
Livent Corporation manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. 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 butyllithium, which is used 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 non-rechargeable batteries and the production of lightweight materials for aerospace applications. It also provides lithium phosphate, pharmaceutical-grade lithium carbonate, high purity lithium chloride, and specialty organics; and lithium carbonate and lithium chloride for use as feedstock in the process of producing performance lithium compounds. The company was founded in 1940 and is headquartered in Philadelphia, Pennsylvania.