Livent (NASDAQ:LTHM) updated its FY 2019 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.92-0.98 for the period, compared to the Thomson Reuters consensus estimate of $1.04. The company issued revenue guidance of $495-525 million, compared to the consensus revenue estimate of $507.27 million.Livent also updated its Q1 2019 guidance to $0.11-0.14 EPS.
Several research firms recently commented on LTHM. Zacks Investment Research upgraded Livent from a hold rating to a strong-buy rating and set a $15.00 target price for the company in a research report on Friday, December 28th. Buckingham Research assumed coverage on Livent in a research report on Wednesday, November 14th. They issued a neutral rating and a $18.00 target price for the company. They noted that the move was a valuation call. Loop Capital assumed coverage on Livent in a research note on Friday, November 9th. They issued a buy rating and a $22.00 price target on the stock. 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 on the stock. Finally, Credit Suisse Group assumed coverage on Livent in a report on Monday, November 5th. They issued an outperform rating and a $20.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $19.85.
LTHM stock traded up $0.45 during trading on Monday, reaching $13.12. 1,467,500 shares of the company were exchanged, compared to its average volume of 833,023. Livent has a 52-week low of $12.10 and a 52-week high of $19.90.
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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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