GrafTech International’s (EAF) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of GrafTech International (NYSE:EAF) in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a $2.00 price target on the stock.

Several other analysts have also weighed in on the company. Citigroup upped their target price on GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. BMO Capital Markets decreased their price objective on GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. raised GrafTech International from an “underweight” rating to a “neutral” rating in a research note on Friday, December 6th.

GrafTech International Stock Down 6.4 %

GrafTech International stock opened at $1.03 on Monday. The company has a debt-to-equity ratio of 57.38, a quick ratio of 1.98 and a current ratio of 3.79. The firm has a market capitalization of $264.89 million, a price-to-earnings ratio of -0.88 and a beta of 0.97. GrafTech International has a fifty-two week low of $0.52 and a fifty-two week high of $2.53. The stock’s fifty day moving average is $1.69 and its two-hundred day moving average is $1.45.

GrafTech International (NYSE:EAF) last posted its earnings results on Wednesday, February 12th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.01. GrafTech International had a negative return on equity of 459.99% and a negative net margin of 55.21%. During the same period last year, the business earned ($0.27) EPS. Analysts predict that GrafTech International will post -0.43 EPS for the current fiscal year.

Institutional Trading of GrafTech International

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in GrafTech International by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,101,098 shares of the company’s stock worth $8,827,000 after buying an additional 48,038 shares during the last quarter. Headlands Technologies LLC acquired a new stake in GrafTech International in the 4th quarter worth about $195,000. Franklin Resources Inc. boosted its stake in GrafTech International by 3.0% in the 4th quarter. Franklin Resources Inc. now owns 4,672,876 shares of the company’s stock worth $8,084,000 after buying an additional 136,644 shares during the last quarter. Cannell & Spears LLC boosted its stake in GrafTech International by 138.3% in the 4th quarter. Cannell & Spears LLC now owns 1,122,155 shares of the company’s stock worth $1,941,000 after buying an additional 651,250 shares during the last quarter. Finally, Tyler Stone Wealth Management boosted its stake in GrafTech International by 24.5% in the 4th quarter. Tyler Stone Wealth Management now owns 76,100 shares of the company’s stock worth $132,000 after buying an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

GrafTech International Company Profile

GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. The company offers graphite electrodes to produce electric arc furnace steel and other ferrous and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes and synthetic graphite.