Shares of GrafTech International Ltd. (NYSE:EAF – Get Free Report) have been assigned a consensus recommendation of “Reduce” from the five research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $1.75.
A number of brokerages have recently commented on EAF. BMO Capital Markets dropped their target price on GrafTech International from $1.20 to $1.00 and set a “market perform” rating for the company in a report on Monday, July 29th. JPMorgan Chase & Co. lowered shares of GrafTech International from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 16th.
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GrafTech International Price Performance
NYSE:EAF opened at $0.77 on Wednesday. The business’s 50-day moving average is $0.80 and its 200 day moving average is $1.28. GrafTech International has a 12 month low of $0.52 and a 12 month high of $3.97. The company has a market capitalization of $198.92 million, a P/E ratio of -0.71 and a beta of 0.94. The company has a current ratio of 4.22, a quick ratio of 2.01 and a debt-to-equity ratio of 57.38.
GrafTech International (NYSE:EAF – Get Free Report) last announced its earnings results on Friday, July 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. The firm had revenue of $137.33 million for the quarter, compared to analysts’ expectations of $122.48 million. GrafTech International had a negative net margin of 50.11% and a negative return on equity of 121.77%. On average, equities research analysts forecast that GrafTech International will post -0.43 earnings per share for the current fiscal year.
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.
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