Livent Corporation (NYSE: LTHM): Analyst View Points To Future Growth


Columbia Management Investment Ad.. has recently announced that it has increased stake in Livent Corporation (NYSE:LTHM) by 9.44%. After grabbing 5.49 million shares, the institutional investor is now in possession of 0.47 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 3.75% having worth around $34.4 million. Moreover, FIAM LLC increased its share by 1.46 million to have a control over 4.09 million shares. And Newton Investment Management Ltd. raised its holdings to 0.13 million shares by acquiring 3.37 million shares or 2.31% of the stake.

Livent Corporation (LTHM) concluded trading on 08/26/20 at a closing price of $8.17, with 4.61 million shares of worth about $37.66 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 7.78% during that period and on Wednesday the price saw a gain of about 7.08%. Currently the company’s common shares owned by public are about 146.20M shares, out of which, 145.16M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 12 analysts are covering the LTHM stock and their offered price forecasts bring an average price target of $7.13. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $9.00 and could fall to a lowest price of $5.00. Analysts also issued an outlook of 2.90 for the Livent Corporation stock for next 12 months. The stock’s current price level is -11.76% below of average price target set by the analysts, while a dip to estimated low would result in loss of -63.4 for the stock. However, touching the estimated high of $9.00 would mean a gain of 9.22% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 21 times over the past 12 months. They bought 227,154 shares in 14 of the transactions. In 7 selling transactions, insiders dumped 76,581 shares.

iShares Core S&P Small Cap ETF, Fidelity OTC Portfolio, and Fidelity Balanced Fund are the top 3 mutual funds which are holding stakes in Livent Corporation iShares Core S&P Small Cap ETF is currently holding 9.1 million shares of worth totaling $57.06 million. The company recently came buying 32508.0 shares which brought its stake up to 6.23% of the company’s outstanding shares. Fidelity OTC Portfolio sold 92336.0 shares, after which its hold over company’s outstanding shares shrunk to 3.91%, leaving 5.71 million shares with the mutual fund that have a worth of about $35.79 million. Fidelity Balanced Fund, after buying 5.62 million shares, have now control over 3.85% of the stake in the company. It holds 0.56 million shares of worth $35.26 million.

Livent Corporation (NYSE: LTHM) started trading at $7.90, above $0.27 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $8.17, or with a gain of 7.08%. Stock saw a price change of 7.78% in past 5 days and over the past one month there was a price change of 24.35%. Year-to-date (YTD), LTHM shares are showing a performance of -4.44% which increased to 43.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.95 but also hit the highest price of $12.29 during that period. While comparing its average daily trading volume of 2.60 million shares, we see that about 4.61 million changed hands on the day. The stock is currently trading 13.64% above its 20-day simple moving average (SMA20), while that difference is up 20.06% for SMA50 and it goes to 10.49% higher than SMA200.

Columbia Management Investment Ad.. acquired 5.49 million shares of Livent Corporation having value of about $34.4 million. Data submitted at the U.S SEC by Columbia Management Investment Ad.. revealed that the firm now holds 0.47 million shares in the company valued at close to $3868102.84, or have control over 9.44% stake in the company. Holding of mutual funds in the company is about 64.13% while other institutional holders and individual stake holders have control over 85.23% and 41.39% of the stake respectively.

The stock has a current market capitalization of $1.20B. PE ratio of stock for trailing 12 months is 76.36, while it has posted earnings per share of $0.11 in the same period. Its PEG reads 12.42 and has Quick Ratio of 1.80 while making debt-to-equity ratio of 0.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LTHM, volatility over the week remained 4.19% while standing at 5.05% over the month.

Analysts are in expectations that Livent Corporation (LTHM) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter ESPS is $0.03 and it is $0.24 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.03 which is $0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -60.40% while it is estimated to increase by 269.64% in next year.

Analysts at 12 brokerage firms have issued recommendations for the Livent Corporation (LTHM)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.90. Out of those 12 Wall Street analysts, 2 recommended a “Buy” rating, while 8 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on August 26, 2020 offering a Strong buy rating for the stock and assigned a target price of $9 to it. Coverage by BMO Capital Markets stated Livent Corporation (LTHM) stock as a Market perform in their note to investors on April 06, 2020, suggesting a price target of for the stock. On March 30, 2020, Goldman Downgrade their recommendations, while on March 26, 2020, Vertical Research Upgrade their ratings for the stock with a price target of. Stock get a Sector weight rating from KeyBanc Capital Markets on March 26, 2020.


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