GrafTech International's (EAF) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of GrafTech International (NYSE:EAF - Free Report) in a research report sent to investors on Monday morning,Benzinga reports. Royal Bank of Canada currently has a $2.00 price objective on the stock.

A number of other equities analysts also recently issued reports on EAF. Citigroup upped their price target on GrafTech International from $1.00 to $2.20 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. BMO Capital Markets reduced their target price on GrafTech International from $2.00 to $1.50 and set a "market perform" rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. raised GrafTech International from an "underweight" rating to a "neutral" rating in a report on Friday, December 6th.

GrafTech International Trading Up 5.4 %

EAF traded up $0.06 during trading on Monday, hitting $1.08. 2,057,806 shares of the stock were exchanged, compared to its average volume of 2,228,653. 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 50 day simple moving average of $1.67 and a 200 day simple moving average of $1.44. The firm has a market cap of $276.46 million, a price-to-earnings ratio of -0.92 and a beta of 0.97. GrafTech International has a 1 year low of $0.52 and a 1 year high of $2.53.

GrafTech International (NYSE:EAF - Get Free Report) last released its quarterly earnings data on Wednesday, February 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 net margin of 55.21% and a negative return on equity of 459.99%. During the same quarter in the prior year, the firm earned ($0.27) EPS. As a group, equities analysts expect that GrafTech International will post -0.43 EPS for the current year.

Institutional Investors Weigh In On GrafTech International

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

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.