Livent Stock (LTHM:NYE) Analysis:
Last Closing Price: $24.33
Consensus Analyst Rating: Buy
12-Month Price Target: $30.18
Market CAP: $4.27 Billion
Livent Co. (LTHM:NYE) has been assigned an average rating of “Buy” by the 10 analysts who are currently covering the stock. The average 1-year Livent stock price target among analysts who have rated the stock during the past year is $30.18.
Livent Stock-Analyst Ratings:
Deutsche Bank Aktiengesellschaft increased its price target for Livent stock from $26.00 to $27.00.
Raymond James increased their target price on LTHM stock from $33.00 to $35.00 and gave the company an “Outperform” rating.
Piper Sandler reaffirmed its “Overweight” rating and gave a $42.00 price objective on shares of Livent.
JPMorgan Chase & Co. initiated coverage on Livent in a research note. They assigned the business a “Neutral” rating and a $28.00 price target.
Vertical Research downgraded the shares of Livent from a “buy” rating to a “hold” rating and increased their price target for the LTHM stock from $33.00 to $35.00.
Insider Transactions:
In related news, Chief Financial Officer Gilberto Antoniazzi sold 3,635 shares of Livent stock on Monday, September 19th. At an average price of $32.54, the shares were sold for a total of $118,282.90.
The chief financial officer now owns 62,582 shares of the company valued at approximately $2,036,418.28 as a result of the transaction.
1.18% of the Livent stock shares are owned by insiders.
Institutional Holdings:
A number of hedge funds have recently altered their stakes in the company.
In the second quarter, Lindbrook Capital LLC increased its holdings in shares of Livent by 2,902.7%. After acquiring an additional 1,074 shares during the period, Lindbrook Capital LLC now holds 1,111 shares of the company’s stock worth $25,000.
First Personal Financial Services bought a $25,000 investment with Livent during the third quarter.
In the first quarter, Oliver Lagore Vanvalin Investment Group took a $26,000 holding in Livent.
Credit Agricole S A acquired a $29,000 position in Livent during the second quarter.
Finally, SeaCrest Wealth Management LLC acquired around $30,000 worth of Livent shares during the second quarter.
87.57% of the Livent stock is owned by hedge funds and other institutional investors.
Livent Stock Price Performance:
Livent stock opened on Wednesday at $24.33. The 12-month low for Livent is $19.35 and the 12-month high is $36.38.
The company’s 50-day and 200-day moving average prices are $28.80 and $20.00, respectively. The stock has a $4.36 billion market capitalization, a P/E ratio of 24.33, and a beta of 1.67.
The current ratio of the company is 3.52, the quick ratio is 2.65, and the debt-to-equity ratio is 0.18.
About Livent Corp (LTHM:NYE):
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 incorporated in 2018 and is headquartered in Philadelphia, Pennsylvania.
