GrafTech International (NYSE:EAF) Price Target Raised to $2.20

GrafTech International (NYSE:EAF) had its price target raised by stock analysts at Citigroup from $1.00 to $2.20 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 12.24% from the company’s current price.

GrafTech International Trading Up 5.4 %

EAF stock traded up $0.10 during midday trading on Tuesday, reaching $1.96. 193,329 shares of the company traded hands, compared to its average volume of 3,025,324. The business has a 50 day moving average of $1.78 and a 200-day moving average of $1.29. GrafTech International has a 52-week low of $0.52 and a 52-week high of $2.76. 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 $504.05 million, a price-to-earnings ratio of -1.59 and a beta of 0.95.

GrafTech International (NYSE:EAF) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.13) earnings per share (EPS) 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%. The company had revenue of $130.65 million during the quarter, compared to the consensus estimate of $128.14 million. During the same period in the previous year, the company posted ($0.08) earnings per share. As a group, sell-side analysts expect that GrafTech International will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GrafTech International

A number of hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its holdings in GrafTech International by 58.4% during the first quarter. Public Employees Retirement System of Ohio now owns 25,535 shares of the company’s stock worth $35,000 after buying an additional 9,416 shares in the last quarter. Tyler Stone Wealth Management grew its stake in shares of 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 in the last quarter. Intech Investment Management LLC acquired a new stake in shares of GrafTech International in the 3rd quarter valued at $81,000. XTX Topco Ltd increased its holdings in shares of GrafTech International by 179.6% during the 2nd quarter. XTX Topco Ltd now owns 135,485 shares of the company’s stock valued at $131,000 after acquiring an additional 87,027 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of GrafTech International by 30.0% in the third quarter. The Manufacturers Life Insurance Company now owns 101,449 shares of the company’s stock worth $134,000 after buying an additional 23,413 shares during 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.