GrafTech International (NYSE:EAF) Price Target Cut to $1.50 by Analysts at BMO Capital Markets

GrafTech International (NYSE:EAF) had its price target decreased by BMO Capital Markets from $2.00 to $1.50 in a research note published on Monday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

EAF has been the subject of a number of other reports. JPMorgan Chase & Co. raised GrafTech International from an “underweight” rating to a “neutral” rating in a research note on Friday, December 6th. Citigroup lifted their price target on GrafTech International from $1.00 to $2.20 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd.

GrafTech International Trading Down 6.4 %

Shares of EAF stock opened at $1.03 on Monday. The stock’s fifty day moving average is $1.69 and its two-hundred day moving average is $1.45. 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 P/E 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.

GrafTech International (NYSE:EAF) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates 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 posted ($0.27) EPS. Research analysts expect that GrafTech International will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cibc World Markets Corp purchased a new position in shares of GrafTech International during the 4th quarter worth $42,000. Sonora Investment Management Group LLC raised its holdings in GrafTech International by 31.8% in the 4th quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company’s stock valued at $50,000 after buying an additional 7,000 shares during the period. EntryPoint Capital LLC purchased a new stake in GrafTech International in the 4th quarter valued at about $73,000. Public Employees Retirement System of Ohio raised its holdings in GrafTech International by 55.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,115 shares of the company’s stock valued at $67,000 after buying an additional 18,130 shares during the period. Finally, Tyler Stone Wealth Management raised its holdings in GrafTech International by 113.3% in the 3rd quarter. Tyler Stone Wealth Management now owns 61,100 shares of the company’s stock valued at $81,000 after buying an additional 32,450 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

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.