Nomura initiated coverage on shares of Livent (NASDAQ:LTHM) in a research note released on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $20.00 price target on the stock.
Several other equities analysts also recently issued reports on the stock. BMO Capital Markets started coverage on shares of Livent in a report on Monday, October 29th. They set a market perform rating and a $18.00 price target for the company. Vertical Research started coverage on shares of Livent in a report on Monday, October 22nd. They set a buy rating and a $20.00 price target for the company. Goldman Sachs Group started coverage on shares of Livent in a report on Monday. They set a buy rating and a $22.00 price target for the company. Citigroup started coverage on shares of Livent in a report on Monday. They set a buy rating and a $20.00 price target for the company. Finally, Seaport Global Securities reissued a buy rating on shares of Livent in a report on Friday, October 26th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $20.00.
Shares of LTHM traded up $0.55 during midday trading on Monday, hitting $17.48. 16,395 shares of the stock traded hands, compared to its average volume of 1,405,376. Livent has a 1-year low of $14.00 and a 1-year high of $17.30.
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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