Livent Corporation (NASDAQ:LTHM) has received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $20.00.
LTHM has been the subject of several research analyst reports. BMO Capital Markets initiated coverage on shares of 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 initiated coverage on shares of Livent in a report on Monday, October 22nd. They issued a “buy” rating and a $20.00 price target for the company. Seaport Global Securities reiterated a “buy” rating on shares of Livent in a report on Friday, October 26th. Citigroup began coverage on shares of Livent in a report on Monday. They issued a “buy” rating and a $20.00 price target for the company. Finally, Goldman Sachs Group began coverage on shares of Livent in a report on Monday. They set a “buy” rating and a $22.00 target price for the company.
Shares of Livent stock traded up $0.04 on Monday, hitting $17.94. The company had a trading volume of 27,332 shares, compared to its average volume of 1,566,137. Livent has a twelve month low of $14.00 and a twelve month high of $18.47.
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.
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