GrafTech International (NYSE:EAF) Given New $2.20 Price Target at Citigroup

GrafTech International (NYSE:EAF) had its price objective boosted by Citigroup from $1.00 to $2.20 in a research report report published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

GrafTech International Trading Up 15.3 %

NYSE:EAF opened at $2.15 on Tuesday. The company has a current ratio of 3.79, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38. GrafTech International has a 12 month low of $0.52 and a 12 month high of $2.76. The company has a market cap of $551.63 million, a PE ratio of -1.83 and a beta of 0.95. The company has a 50 day simple moving average of $1.81 and a two-hundred day simple moving average of $1.29.

GrafTech International (NYSE:EAF) last posted its earnings results on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, topping 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%. The business had revenue of $130.65 million during the quarter, compared to the consensus estimate of $128.14 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. Research analysts forecast that GrafTech International will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On GrafTech International

A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC grew its position in shares of GrafTech International by 287.8% during the 2nd quarter. Millennium Management LLC now owns 5,065,715 shares of the company’s stock valued at $4,914,000 after acquiring an additional 3,759,449 shares during the period. Geode Capital Management LLC grew its position in shares of GrafTech International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 5,053,060 shares of the company’s stock valued at $6,671,000 after acquiring an additional 59,424 shares during the period. Franklin Resources Inc. grew its position in shares of GrafTech International by 81.0% during the 3rd quarter. Franklin Resources Inc. now owns 4,536,232 shares of the company’s stock valued at $6,623,000 after acquiring an additional 2,029,350 shares during the period. Foundation Resource Management Inc. grew its position in shares of GrafTech International by 1.3% during the 3rd quarter. Foundation Resource Management Inc. now owns 1,873,481 shares of the company’s stock valued at $2,473,000 after acquiring an additional 24,138 shares during the period. Finally, Jane Street Group LLC grew its position in shares of GrafTech International by 13.6% during the 3rd quarter. Jane Street Group LLC now owns 885,147 shares of the company’s stock valued at $1,168,000 after acquiring an additional 106,091 shares during the period. Institutional investors 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.