Livent (NYSE:LTHM) Price Target Lowered to $7.50 at Citigroup

Livent (NYSE:LTHM) had its price target decreased by Citigroup from $8.25 to $7.50 in a report released on Wednesday, BenzingaRatingsTable reports. Citigroup currently has a neutral rating on the stock.

Several other research analysts also recently issued reports on LTHM. Zacks Investment Research downgraded shares of Livent from a hold rating to a sell rating in a research report on Thursday, August 15th. Bank of America downgraded shares of Livent from a neutral rating to an underperform rating and lowered their price objective for the stock from $10.00 to $7.00 in a research report on Monday, August 12th. ValuEngine upgraded shares of Livent from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Nomura set a $9.00 target price on shares of Livent and gave the stock a hold rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Livent presently has an average rating of Hold and a consensus price target of $15.08.

Livent stock traded up $0.36 during midday trading on Wednesday, hitting $6.94. 1,875,457 shares of the company’s stock were exchanged, compared to its average volume of 1,668,587. Livent has a 12-month low of $5.49 and a 12-month high of $19.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.11 and a current ratio of 2.85. The stock has a market cap of $960.55 million and a price-to-earnings ratio of 7.63. The firm’s 50 day simple moving average is $6.65 and its 200 day simple moving average is $7.94.

Livent (NYSE:LTHM) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Livent had a net margin of 19.88% and a return on equity of 19.98%. The company had revenue of $114.00 million for the quarter, compared to the consensus estimate of $108.85 million. Livent’s revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts forecast that Livent will post 0.58 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Livent in the second quarter valued at about $28,000. Coastal Investment Advisors Inc. lifted its stake in shares of Livent by 126.7% in the second quarter. Coastal Investment Advisors Inc. now owns 5,123 shares of the company’s stock valued at $35,000 after purchasing an additional 2,863 shares during the period. Marshall Wace LLP acquired a new stake in shares of Livent in the first quarter valued at about $52,000. Tower Research Capital LLC TRC acquired a new stake in shares of Livent in the second quarter valued at about $59,000. Finally, Sigma Planning Corp acquired a new stake in shares of Livent in the second quarter valued at about $77,000. Institutional investors own 97.98% of the company’s stock.

About Livent

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 (NYSE:LTHM)

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