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BMO Capital Reaffirms Their Hold Rating on Livent (LTHM)

BMO Capital analyst Joel Jackson maintained a Hold rating on Livent (LTHMResearch Report) today and set a price target of $30.00. The company’s shares closed last Wednesday at $25.80.

According to TipRanks.com, Jackson is a 5-star analyst with an average return of 15.7% and a 63.6% success rate. Jackson covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Sociedad Quimica Y Minera SA, and Intrepid Potash.

Currently, the analyst consensus on Livent is a Moderate Buy with an average price target of $30.33.

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Based on Livent’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $144 million and net profit of $53.2 million. In comparison, last year the company earned revenue of $91.7 million and had a GAAP net loss of $800K.

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Livent Corp. engages in the production of performance lithium compounds. It specializes in battery-grade lithium hydroxide, butyllithium, and purity lithium metal which are used in various performance applications. It operates through the following geographical segments: North America; Europe, Middle East, and Africa; Latin America; and Asia Pacific. The company is headquartered in Philadelphia, PA.

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