According to The Fly, investment analysts at BMO Capital Markets lowered their target price for GrafTech International (NYSE: EAF) in a research note given to investors on Monday. The new target price is $7.00, down from $9.00, the previous target price. Customers were provided with the report through email. BMO Capital Markets has set a target price for the stock that, if it were to reach that price, would represent a potential gain of 35.14 percent based on the firm’s most recent closing price. Several other research firms have also released assessments on the stock, including Citigroup, which on August 9th lowered its price objective on GrafTech International from $10.00 to $7.50. The analysts at Citigroup are only one of several who has made this conclusion.
In a research note published on July 13th, Royal Bank of Canada lowered its price objective for GrafTech International from $10.00 to $7.00. In addition, it downgraded the company’s rating from “outperform” to “sector perform.” The price of GrafTech International stock was $5.18 when the trading week began; its 50-day moving average was $6.66, and its 200-day moving average was $8.10. The current beta value for the company is 1.11, and it has a market capitalization of $1.35 billion and a PE ratio of 2.79. Its financial profile includes a debt-to-equity ratio of 4.77, a quick ratio of 1.29, and a current ratio of 2.73, all of which can be found in the table.
The most recent quarterly earnings report for GrafTech International, traded on the New York Stock Exchange (NYSE) under the ticker EAF, was made public on August 5th of this year. The firm reported earnings per share (EPS) for the quarter at $0.44, an increase of $0.03 compared to the average estimate of $0.41. The actual amount of sales the company brought in for the quarter was $363.60 million, even though market observers anticipated that the company would bring in $370.67 million in revenue for the quarter. GrafTech International’s net margin and return on equity were relatively high for GrafTech International, coming in at 34.75 and 807.51 percent, respectively.
In recent months, several hedge funds and other types of institutional investors have changed the proportion of EAF in their investment portfolios by either increasing or decreasing the asset quantity. During the second quarter, Islay Capital Management LLC acquired 16.8 percentage points more of GrafTech International stock, bringing the total amount of the company’s stock ownership to 100 percent. Islay Capital Management LLC currently holds a total of 12,242 shares of the company’s stock, which gives them a market value of $87,000 as of right now. The most recent fiscal quarter saw the corporation’s acquisition of 1,764 additional shares, raising the total number of shares held to this point. Principal Financial Group Inc. increased its investment in GrafTech International by 5.8 percent during the second quarter of the current fiscal year. At present, Principal Financial Group Inc. is the owner of 12,242 shares of the corporation.
The firm known as GrafTech International Ltd. is conducting research, developing, producing, and marketing products based on graphite and carbon all over the world. In addition, the company’s primary focus is on the global market. This process results in the production of petroleum needle coke, a crystalline form of carbon utilized in the production of graphite electrodes. Electrodes made of graphite are put into electric arc furnaces, then used to create steel and other ferrous and non-ferrous metals.