BMO Capital Markets Cuts GrafTech International (NYSE:EAF) Price Target to $1.50

GrafTech International (NYSE:EAF) had its target price trimmed by BMO Capital Markets from $2.00 to $1.50 in a report released on Monday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

Several other equities analysts also recently weighed in on EAF. JPMorgan Chase & Co. upgraded shares of GrafTech International from an “underweight” rating to a “neutral” rating in a report on Friday, December 6th. Citigroup upped their price objective on GrafTech International from $1.00 to $2.20 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd.

GrafTech International Stock Performance

EAF opened at $1.03 on Monday. GrafTech International has a 52-week low of $0.52 and a 52-week high of $2.53. The firm’s 50-day moving average price is $1.69 and its 200-day moving average price is $1.45. 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 company 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 results on Wednesday, February 12th. The company reported ($0.13) earnings per share for the quarter, topping 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 period in the prior year, the firm posted ($0.27) EPS. As a group, equities analysts anticipate that GrafTech International will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EAF. SG Americas Securities LLC purchased a new position in shares of GrafTech International during the 3rd quarter valued at approximately $156,000. Tyler Stone Wealth Management lifted its position in shares of 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 buying an additional 32,450 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of GrafTech International during the 3rd quarter valued at approximately $81,000. The Manufacturers Life Insurance Company lifted its position in shares of GrafTech International by 30.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 101,449 shares of the company’s stock valued at $134,000 after buying an additional 23,413 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of GrafTech International by 19.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 127,831 shares of the company’s stock valued at $169,000 after buying an additional 20,769 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

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.