Loop Capital initiated coverage on shares of Livent (NASDAQ:LTHM) in a research note published on Friday morning, Marketbeat.com reports. The firm issued a buy rating and a $22.00 price target on the stock.
Several other research analysts also recently issued reports on LTHM. 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 objective 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 objective on the stock. Seaport Global Securities restated a buy rating on shares of Livent in a report on Friday, October 26th. Goldman Sachs Group started coverage on shares of Livent in a report on Monday, November 5th. They set a buy rating and a $22.00 price objective on the stock. Finally, Bank of America started coverage on shares of Livent in a report on Monday, November 5th. They set a buy rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $20.25.
Shares of NASDAQ:LTHM traded up $0.76 on Friday, hitting $18.66. 1,604,715 shares of the company were exchanged, compared to its average volume of 1,608,805. Livent has a one year low of $14.00 and a one year high of $18.86.
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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