Fintel reports that on April 5, 2023,
B of A Securities
upgraded
their outlook
for Livent (NYSE:LTHM) from Neutral
to Buy
.
Analyst Price Forecast Suggests 66.29% Upside
As of March 30, 2023,
the average one-year price target for Livent is $33.71.
The forecasts range from a low of $23.23 to a high of $47.25.
The average price target represents an increase of 66.29% from its latest reported closing price of $20.27.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Livent
is $1,138MM, an increase of 39.94%.
The projected annual non-GAAP EPS
is $1.88.
What are Other Shareholders Doing?
CMJAX – Calvert US Mid-Cap Core Responsible Index Fund
holds 11K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 9K shares, representing
an increase
of 11.44%.
The firm
decreased
its portfolio allocation in LTHM by 37.48% over the last quarter.
Cipher Capital
holds 22K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 54K shares, representing
a decrease
of 146.00%.
The firm
decreased
its portfolio allocation in LTHM by 99.97% over the last quarter.
Capital Management
holds 331K shares
representing 0.18% ownership of the company.
In it’s prior filing, the firm reported owning 260K shares, representing
an increase
of 21.57%.
The firm
decreased
its portfolio allocation in LTHM by 28.01% over the last quarter.
Red Spruce Capital
holds 17K shares
representing 0.01% ownership of the company.
No change in the last quarter.
Nuveen S&p 500 Dynamic Overwrite Fund
holds 2K shares
representing 0.00% ownership of the company.
What is the Fund Sentiment?
There are 854 funds or institutions reporting positions in Livent.
This is an increase
of
17
owner(s) or 2.03% in the last quarter.
Average portfolio weight of all funds dedicated to LTHM is 0.29%,
a decrease
of 17.01%.
Total shares owned by institutions increased
in the last three months by 3.27% to 198,450K shares.
The put/call ratio of LTHM is 0.89, indicating a
bullish
outlook.
Livent Background Information
(This description is provided by the company.)
For nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent employs approximately 800 people throughout the world and operates manufacturing sites in the United States, England, India, China and Argentina.
See all Livent regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
