Bank of America Analysts Give Livent (LTHM) a $16.00 Price Target

Livent (NASDAQ:LTHM) has been assigned a $16.00 price objective by Bank of America in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price objective would suggest a potential upside of 22.23% from the company’s current price.

A number of other brokerages also recently issued reports on LTHM. Zacks Investment Research raised Livent from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a report on Friday, December 28th. BMO Capital Markets started coverage on Livent in a report on Monday, October 29th. They issued a “market perform” rating and a $18.00 price target for the company. Vertical Research started coverage on Livent in a report on Monday, October 22nd. They issued a “buy” rating and a $20.00 price target for the company. HSBC started coverage on Livent in a report on Monday, December 3rd. They issued a “buy” rating and a $22.00 price target for the company. Finally, Nomura downgraded Livent from a “buy” rating to a “neutral” rating in a report on Tuesday, January 15th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $19.08.

Shares of LTHM opened at $13.09 on Thursday. Livent has a 52-week low of $11.55 and a 52-week high of $19.90.

Livent (NASDAQ:LTHM) last announced its quarterly earnings results on Monday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.23. The business had revenue of $119.80 million during the quarter, compared to analyst estimates of $124.70 million.

Several hedge funds have recently bought and sold shares of the company. Athena Capital Advisors LLC acquired a new stake in shares of Livent in the fourth quarter valued at approximately $28,000. PNC Financial Services Group Inc. acquired a new stake in shares of Livent in the fourth quarter valued at approximately $31,000. Glassman Wealth Services acquired a new stake in shares of Livent in the fourth quarter valued at approximately $33,000. Kwmg LLC acquired a new stake in shares of Livent in the fourth quarter valued at approximately $63,000. Finally, Citigroup Inc. acquired a new stake in shares of Livent in the fourth quarter valued at approximately $85,000.

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.

Featured Story: Strike Price

Analyst Recommendations for Livent (NASDAQ:LTHM)

Receive News & Ratings for Livent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Livent and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply