GrafTech International (NYSE:EAF) Receives Sector Perform Rating from Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of GrafTech International (NYSE:EAF) in a report released on Monday,Benzinga reports. They currently have a $2.00 price target on the stock.

Several other analysts have also issued reports on the company. Citigroup boosted their price target 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 cut their price target on GrafTech International from $2.00 to $1.50 and set a “market perform” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. raised GrafTech International from an “underweight” rating to a “neutral” rating in a report on Friday, December 6th.

GrafTech International Stock Performance

Shares of EAF opened at $1.14 on Monday. The company has a debt-to-equity ratio of 57.38, a current ratio of 3.79 and a quick ratio of 1.98. GrafTech International has a one year low of $0.52 and a one year high of $2.53. The firm has a market capitalization of $291.88 million, a P/E ratio of -0.97 and a beta of 0.97. The business has a fifty day moving average of $1.72 and a 200 day moving average of $1.44.

GrafTech International (NYSE:EAF) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.13) EPS for the quarter, topping 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 company earned ($0.27) earnings per share. As a group, sell-side analysts anticipate that GrafTech International will post -0.43 EPS for the current year.

Hedge Funds Weigh In On GrafTech International

A number of hedge funds have recently made changes to their positions in EAF. SG Americas Securities LLC bought a new position in shares of GrafTech International in the third quarter worth about $156,000. Tyler Stone Wealth Management boosted its stake in shares of GrafTech International by 113.3% in the third quarter. Tyler Stone Wealth Management now owns 61,100 shares of the company’s stock worth $81,000 after acquiring an additional 32,450 shares during the period. Intech Investment Management LLC bought a new position in shares of GrafTech International in the third quarter worth about $81,000. The Manufacturers Life Insurance Company boosted its stake in shares of GrafTech International by 30.0% in the third quarter. The Manufacturers Life Insurance Company now owns 101,449 shares of the company’s stock worth $134,000 after acquiring an additional 23,413 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of GrafTech International by 19.4% in the third quarter. BNP Paribas Financial Markets now owns 127,831 shares of the company’s stock worth $169,000 after acquiring an additional 20,769 shares during the period. Institutional investors 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.