Bank of America lowered shares of Livent (NASDAQ:LTHM) from a neutral rating to an underperform rating in a research report released on Monday morning, BenzingaRatingsTable reports. They currently have $7.00 target price on the stock, down from their previous target price of $10.00.

Several other analysts have also recently issued reports on LTHM. Credit Suisse Group restated an outperform rating and set a $12.00 target price (down from $18.00) on shares of Livent in a research report on Thursday, May 9th. Vertical Research downgraded shares of Livent from a buy rating to a hold rating in a research note on Thursday, May 9th. Gabelli downgraded shares of Livent from a buy rating to a sell rating in a research note on Thursday, May 9th. Citigroup set a $8.00 price objective on shares of Livent and gave the company a hold rating in a research note on Monday, July 15th. Finally, Zacks Investment Research upgraded shares of Livent from a sell rating to a hold rating in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $15.11.

Shares of LTHM stock traded down $0.22 during mid-day trading on Monday, reaching $6.55. 14,300 shares of the company’s stock traded hands, compared to its average volume of 2,690,018. Livent has a 12 month low of $5.49 and a 12 month high of $19.90. The firm’s 50 day moving average price is $6.85.

Livent (NASDAQ:LTHM) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $114.00 million for the quarter, compared to the consensus estimate of $108.85 million. Livent’s revenue for the quarter was up 5.7% on a year-over-year basis.

Large investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL purchased a new position in shares of Livent in the first quarter worth about $766,000. Skylands Capital LLC purchased a new position in Livent during the first quarter worth about $2,914,000. Bank of Montreal Can purchased a new position in Livent during the first quarter worth about $310,000. Optima Fund Management LLC purchased a new position in Livent during the first quarter worth about $191,000. Finally, New York State Teachers Retirement System purchased a new position in Livent during the first quarter worth about $2,772,000.

Livent Company Profile

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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Analyst Recommendations for Livent (NASDAQ:LTHM)

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