GrafTech International (NYSE:EAF) Given Sector Perform Rating at Royal Bank of Canada

GrafTech International (NYSE:EAF)‘s stock had its “sector perform” rating restated by equities researchers at Royal Bank of Canada in a report issued on Monday,Benzinga reports. They currently have a $2.00 price target on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 67.36% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Citigroup boosted their price target on shares of 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 dropped their price objective on shares of 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. upgraded shares of GrafTech International from an “underweight” rating to a “neutral” rating in a research note on Friday, December 6th.

GrafTech International Trading Down 11.5 %

Shares of EAF stock traded down $0.16 during trading hours on Monday, reaching $1.20. 1,018,371 shares of the stock traded hands, compared to its average volume of 1,393,260. GrafTech International has a 1-year low of $0.52 and a 1-year high of $2.53. The business has a fifty day moving average price of $1.72 and a 200 day moving average price of $1.44. The company has a quick ratio of 1.98, a current ratio of 3.79 and a debt-to-equity ratio of 57.38. The firm has a market capitalization of $307.32 million, a PE ratio of -1.02 and a beta of 0.97.

GrafTech International (NYSE:EAF) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. GrafTech International had a negative net margin of 55.21% and a negative return on equity of 459.99%. During the same quarter last year, the company earned ($0.27) EPS. On average, equities research analysts forecast that GrafTech International will post -0.43 EPS for the current year.

Institutional Trading of GrafTech International

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in GrafTech International in the fourth quarter worth approximately $185,000. Rhumbline Advisers grew its position in GrafTech International by 6.5% in the fourth quarter. Rhumbline Advisers now owns 343,757 shares of the company’s stock worth $595,000 after acquiring an additional 20,902 shares in the last quarter. Sonora Investment Management Group LLC grew its position in GrafTech International by 31.8% in the fourth quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock worth $50,000 after acquiring an additional 7,000 shares in the last quarter. SG Americas Securities LLC grew its position in GrafTech International by 25.4% in the fourth quarter. SG Americas Securities LLC now owns 148,594 shares of the company’s stock worth $257,000 after acquiring an additional 30,102 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in GrafTech International by 475.6% in the third quarter. JPMorgan Chase & Co. now owns 2,458,829 shares of the company’s stock worth $3,246,000 after acquiring an additional 2,031,652 shares in the last quarter. 92.83% of the stock is owned by institutional investors.

About GrafTech International

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.