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

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

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upgraded GrafTech International from an “underweight” rating to a “neutral” rating in a research note on Friday, December 6th. 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 research note on Monday. Finally, Citigroup upped their price target on GrafTech International from $1.00 to $2.20 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd.

GrafTech International Price Performance

Shares of NYSE EAF opened at $1.03 on Monday. The company has a current ratio of 3.79, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38. GrafTech International has a twelve month low of $0.52 and a twelve month high of $2.53. The stock has a 50 day moving average of $1.69 and a two-hundred day moving average of $1.45. The stock has a market cap of $264.89 million, a P/E ratio of -0.88 and a beta of 0.97.

GrafTech International (NYSE:EAF) last issued 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 in the previous year, the company earned ($0.27) earnings per share. On average, research analysts forecast that GrafTech International will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in GrafTech International by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,101,098 shares of the company’s stock worth $8,827,000 after acquiring an additional 48,038 shares in the last quarter. Franklin Resources Inc. raised its position in GrafTech International by 3.0% in the fourth quarter. Franklin Resources Inc. now owns 4,672,876 shares of the company’s stock worth $8,084,000 after acquiring an additional 136,644 shares in the last quarter. William Blair Investment Management LLC raised its position in GrafTech International by 2.1% in the fourth quarter. William Blair Investment Management LLC now owns 4,461,906 shares of the company’s stock worth $7,719,000 after acquiring an additional 93,722 shares in the last quarter. JPMorgan Chase & Co. raised 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. Finally, Cannell & Spears LLC raised its position in GrafTech International by 138.3% in the fourth quarter. Cannell & Spears LLC now owns 1,122,155 shares of the company’s stock worth $1,941,000 after acquiring an additional 651,250 shares in the last quarter. 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.