Livent Co. (NYSE:LTHM) Receives Consensus Rating of “Moderate Buy” from Analysts

Posted by on Jun 7th, 2023

Shares of Livent Co. (NYSE:LTHM – Get Rating) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $29.67.

LTHM has been the subject of several research analyst reports. Scotiabank reaffirmed a “sector perform” rating on shares of Livent in a research note on Wednesday, February 15th. CICC Research raised shares of Livent from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 4th. Citigroup raised their target price on shares of Livent from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, February 16th. B. Riley raised shares of Livent from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Thursday, May 11th. Finally, Raymond James dropped their price objective on shares of Livent from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, April 5th.

Institutional Investors Weigh In On Livent

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LTHM. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Livent by 99.6% during the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,879,455 shares of the company’s stock valued at $127,702,000 after buying an additional 2,933,180 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Livent by 134.5% in the 4th quarter. Millennium Management LLC now owns 4,089,670 shares of the company’s stock valued at $81,262,000 after purchasing an additional 2,345,546 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Livent by 8.3% in the 3rd quarter. BlackRock Inc. now owns 28,159,121 shares of the company’s stock valued at $863,078,000 after purchasing an additional 2,156,474 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Livent by 10.2% in the 3rd quarter. Vanguard Group Inc. now owns 19,659,039 shares of the company’s stock valued at $602,549,000 after purchasing an additional 1,812,971 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Livent in the 4th quarter valued at about $31,994,000. Institutional investors own 90.62% of the company’s stock.

Livent Stock Up 3.0 %

Shares of LTHM stock opened at $25.48 on Wednesday. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.41 and a beta of 1.81. Livent has a one year low of $18.26 and a one year high of $36.38. The company’s fifty day moving average price is $22.86 and its 200-day moving average price is $23.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.23 and a quick ratio of 2.83.

Livent (NYSE:LTHM – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.39 by $0.21. The firm had revenue of $235.50 million for the quarter, compared to the consensus estimate of $229.94 million. Livent had a net margin of 36.30% and a return on equity of 26.15%. The company’s revenue was up 64.1% on a year-over-year basis. During the same period last year, the firm earned $0.21 EPS. Sell-side analysts expect that Livent will post 2.04 EPS for the current fiscal year.

About Livent

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Livent Corp. engages in the production of performance lithium compounds. Its products include battery-grade lithium hydroxide, butyllithium, and purity lithium metal which are used in various performance applications. It operates through the following geographical segments: North America, Europe, Middle East, and Africa, Latin America, and Asia Pacific.

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