BMO Capital Markets Has Lowered Expectations for GrafTech International (NYSE:EAF) Stock Price

GrafTech International (NYSE:EAF) had its price target decreased by stock analysts at BMO Capital Markets from $2.00 to $1.50 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 35.75% from the company’s current price.

Several other research firms have also issued reports on EAF. JPMorgan Chase & Co. upgraded GrafTech International from an “underweight” rating to a “neutral” rating in a research report on Friday, December 6th. Citigroup increased their price objective on GrafTech International from $1.00 to $2.20 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd.

GrafTech International Price Performance

Shares of GrafTech International stock opened at $1.11 on Monday. The company has a debt-to-equity ratio of 57.38, a quick ratio of 1.98 and a current ratio of 3.79. GrafTech International has a 52-week low of $0.52 and a 52-week high of $2.53. The company has a fifty day moving average of $1.71 and a 200-day moving average of $1.45. The stock has a market capitalization of $284.17 million, a price-to-earnings ratio of -0.94 and a beta of 0.97.

GrafTech International (NYSE:EAF) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business earned ($0.27) earnings per share. Equities research analysts expect that GrafTech International will post -0.43 EPS for the current year.

Institutional Trading of GrafTech International

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

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.