Livent (NYSE:LTHM) Sets New 1-Year High at $34.80

Shares of Livent Co. (NYSE:LTHMGet Rating) hit a new 52-week high on Thursday . The company traded as high as $34.80 and last traded at $34.53, with a volume of 18145 shares trading hands. The stock had previously closed at $33.22.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. TheStreet raised Livent from a “c+” rating to a “b-” rating in a report on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft cut their price objective on Livent from $29.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, July 6th. Citigroup increased their price objective on Livent to $27.00 in a report on Tuesday, August 9th. CICC Research initiated coverage on Livent in a report on Monday, August 8th. They set an “outperform” rating and a $27.30 target price on the stock. Finally, Mizuho dropped their target price on Livent from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.39.

Livent Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.60 and a quick ratio of 1.55. The firm has a 50 day simple moving average of $26.72 and a 200-day simple moving average of $25.63. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 62.64 and a beta of 1.88.

Livent (NYSE:LTHMGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.07. Livent had a return on equity of 14.62% and a net margin of 18.36%. During the same quarter in the prior year, the business posted $0.04 earnings per share. As a group, analysts predict that Livent Co. will post 1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Livent

A number of institutional investors and hedge funds have recently modified their holdings of LTHM. Quadrant Capital Group LLC increased its holdings in Livent by 40.7% in the 1st quarter. Quadrant Capital Group LLC now owns 1,583 shares of the company’s stock valued at $41,000 after purchasing an additional 458 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Livent by 0.4% during the second quarter. Nisa Investment Advisors LLC now owns 114,851 shares of the company’s stock valued at $2,606,000 after buying an additional 479 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Livent by 0.4% during the first quarter. Great West Life Assurance Co. Can now owns 139,532 shares of the company’s stock valued at $3,734,000 after buying an additional 529 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Livent by 2.2% during the second quarter. Private Advisor Group LLC now owns 26,825 shares of the company’s stock valued at $609,000 after buying an additional 590 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in Livent by 1.2% during the second quarter. Maryland State Retirement & Pension System now owns 65,542 shares of the company’s stock worth $1,487,000 after purchasing an additional 750 shares in the last quarter. Institutional investors and hedge funds own 87.57% of the company’s stock.

About Livent

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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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