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

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

A number of other research firms have also recently weighed in on EAF. JPMorgan Chase & Co. raised GrafTech International from an "underweight" rating to a "neutral" rating in a report on Friday, December 6th. Citigroup raised their target price 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 NYSE:EAF traded up $0.06 on Monday, hitting $1.08. The stock had a trading volume of 1,776,918 shares, compared to its average volume of 2,228,653. The firm's 50 day moving average price is $1.67 and its 200-day moving average price is $1.44. 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 twelve month low of $0.52 and a twelve month high of $2.53. The company has a market capitalization of $276.46 million, a price-to-earnings ratio of -0.91 and a beta of 0.97.

GrafTech International (NYSE:EAF - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates 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 last year, the firm earned ($0.27) EPS. On average, equities research analysts predict 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 EAF. Cibc World Markets Corp acquired a new stake in shares of GrafTech International in the 4th quarter valued at $42,000. Sonora Investment Management Group LLC increased its position in GrafTech International by 31.8% in the fourth quarter. Sonora Investment Management Group LLC now owns 29,025 shares of the company's stock worth $50,000 after purchasing an additional 7,000 shares during the period. EntryPoint Capital LLC acquired a new stake in GrafTech International in the fourth quarter worth about $73,000. Public Employees Retirement System of Ohio raised its holdings in GrafTech International by 55.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,115 shares of the company's stock worth $67,000 after purchasing an additional 18,130 shares during the last quarter. Finally, Tyler Stone Wealth Management lifted 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. Institutional investors and hedge funds 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.