Brokerages Set Livent Corporation (LTHM) Price Target at $20.00

Livent Corporation (NASDAQ:LTHM) has been given an average rating of “Buy” by the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $20.20.

A number of equities analysts have recently issued reports on the company. Credit Suisse Group assumed coverage on Livent in a research note on Monday, November 5th. They set an “outperform” rating and a $20.00 target price for the company. Bank of America initiated coverage on Livent in a research note on Monday, November 5th. They set a “buy” rating and a $20.00 target price for the company. Buckingham Research initiated coverage on Livent in a research note on Wednesday, November 14th. They issued a “neutral” rating and a $18.00 price objective for the company. They noted that the move was a valuation call. Goldman Sachs Group initiated coverage on Livent in a research note on Monday, November 5th. They issued a “buy” rating and a $22.00 price objective for the company. Finally, Loop Capital initiated coverage on Livent in a research note on Friday, November 9th. They issued a “buy” rating and a $22.00 price objective for the company.

Shares of LTHM stock traded up $1.00 during trading hours on Friday, reaching $19.44. 25,092 shares of the company’s stock were exchanged, compared to its average volume of 1,371,863. Livent has a 1 year low of $14.00 and a 1 year high of $19.90.

Livent (NASDAQ:LTHM) last issued its earnings results on Tuesday, November 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The business had revenue of $112.00 million for the quarter, compared to analysts’ expectations of $113.40 million.