Livent Corporation (LTHM) Receives Consensus Recommendation of “Buy” from Brokerages

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Shares of Livent Corporation (NASDAQ:LTHM) have received an average recommendation of “Buy” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $19.83.

LTHM has been the topic of a number of analyst reports. HSBC initiated coverage on Livent in a research note on Monday, December 3rd. They issued a “buy” rating and a $22.00 price target on the stock. BMO Capital Markets initiated coverage on Livent in a research note on Monday, October 29th. They issued a “market perform” rating and a $18.00 price target on the stock. Nomura cut Livent from a “buy” rating to a “neutral” rating in a research note on Tuesday. Credit Suisse Group reissued a “buy” rating and issued a $20.00 price target on shares of Livent in a research note on Thursday, December 20th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Livent in a research note on Friday, October 26th.

Shares of LTHM opened at $13.06 on Friday. Livent has a 1-year low of $12.10 and a 1-year high of $19.90.

Livent (NASDAQ:LTHM) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The company had revenue of $112.00 million during the quarter, compared to analysts’ expectations of $113.40 million.

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 (NASDAQ:LTHM)

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