Evercore ISI maintained the target on Piedmont Lithium(PLL:NSD) at $95

STA Research
by: STA Research

Evercore ISI maintained the target on Piedmont Lithium to $95, and reiterated the Buy rating on the company’s stock.

Based on the Piedmont Lithium Inc stock forecasts from 4 analysts, the average analyst target price for Piedmont Lithium Inc is USD 93.40 over the next 12 months. Piedmont Lithium Inc’s average analyst rating is . Stock Target Advisor’s own stock analysis of Piedmont Lithium Inc is Neutral, which is based on 2 positive signals and 2 negative signals. At the last closing, Piedmont Lithium Inc’s stock price was USD 58.91. Piedmont Lithium Inc’s stock price has changed by -0.97 % over the past week, +3.20 % over the past month and +105.33 % over the last year.

What to like:

Superior risk adjusted returns This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Low debt The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

What to not like:

Negative cashflow The company had negative total cash flow in the most recent four quarters. Low Earnings Growth This stock has shown below median earnings growth in the previous 5 years compared to its sector.

 

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