Livent Corporation (NASDAQ:LTHM) has earned a consensus recommendation of “Buy” from the fourteen brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $19.83.
Several research analysts have issued reports on the company. Clarkson Capital assumed coverage on Livent in a report on Wednesday, January 16th. They issued a “buy” rating and a $20.00 price target on the stock. Nomura lowered Livent from a “buy” rating to a “neutral” rating in a report on Tuesday, January 15th. Credit Suisse Group set a $20.00 price target on Livent and gave the stock a “buy” rating in a report on Friday, January 4th. Zacks Investment Research upgraded Livent from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a report on Friday, December 28th. Finally, Loop Capital set a $22.00 price target on Livent and gave the stock a “buy” rating in a report on Monday, December 17th.
NASDAQ:LTHM traded down $0.26 on Friday, hitting $12.52. The stock had a trading volume of 515,700 shares, compared to its average volume of 792,563. Livent has a 52 week low of $12.10 and a 52 week high of $19.90.
Livent (NASDAQ:LTHM) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. The firm had revenue of $112.00 million during the quarter, compared to the consensus estimate of $113.40 million.
A hedge fund recently bought a new stake in Livent stock. NJ State Employees Deferred Compensation Plan purchased a new stake in shares of Livent Corporation (NASDAQ:LTHM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 40,000 shares of the company’s stock, valued at approximately $552,000.