Livent (NYSE:LTHM) Upgraded by TheStreet to B-

Livent (NYSE:LTHM – Get Rating) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Wednesday, TheStreetRatingsTable reports.

A number of other research firms have also recently weighed in on LTHM. Cowen raised shares of Livent from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $25.00 to $33.00 in a report on Wednesday. Bank of America upgraded shares of Livent from an “underperform” rating to a “neutral” rating in a research report on Tuesday, February 1st. The Goldman Sachs Group lowered their target price on shares of Livent from $23.00 to $20.00 and set a “sell” rating on the stock in a research report on Tuesday, March 1st. Mizuho raised their target price on shares of Livent from $26.00 to $34.00 in a research report on Thursday. Finally, Piper Sandler lowered their target price on shares of Livent from $34.00 to $31.00 in a research report on Tuesday, January 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Livent has a consensus rating of “Buy” and a consensus price target of $29.25.

LTHM stock opened at $28.12 on Wednesday. The company has a current ratio of 3.04, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. Livent has a twelve month low of $16.32 and a twelve month high of $33.04. The company’s 50 day moving average is $23.97 and its two-hundred day moving average is $25.18. The stock has a market cap of $4.55 billion, a P/E ratio of 104.15, a PEG ratio of 1.02 and a beta of 2.03.

Livent (NYSE:LTHM – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. Livent had a net margin of 11.56% and a return on equity of 8.85%. The company had revenue of $143.50 million for the quarter, compared to analysts’ expectations of $139.92 million. During the same quarter last year, the company earned $0.02 earnings per share. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. On average, equities research analysts predict that Livent will post 0.62 earnings per share for the current year.

A number of large investors have recently bought and sold shares of LTHM. Norges Bank acquired a new position in shares of Livent during the 4th quarter worth $44,366,000. Thornburg Investment Management Inc. acquired a new position in shares of Livent during the 4th quarter worth $18,626,000. Renaissance Technologies LLC grew its stake in shares of Livent by 58.7% during the 3rd quarter. Renaissance Technologies LLC now owns 1,830,800 shares of the company’s stock worth $42,310,000 after purchasing an additional 677,300 shares during the period. BlackRock Inc. grew its stake in shares of Livent by 2.6% during the 3rd quarter. BlackRock Inc. now owns 24,305,323 shares of the company’s stock worth $561,696,000 after purchasing an additional 609,643 shares during the period. Finally, Morgan Stanley grew its stake in shares of Livent by 44.7% during the 2nd quarter. Morgan Stanley now owns 1,884,049 shares of the company’s stock worth $36,475,000 after purchasing an additional 582,130 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

About Livent (Get Rating)

Livent Corporation manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. 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 butyllithium, which is used 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 non-rechargeable batteries and the production of lightweight materials for aerospace applications.

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