GrafTech International’s (EAF) “Underweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of GrafTech International (NYSE:EAF) in a research note published on Tuesday morning, Marketbeat.com reports.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen downgraded GrafTech International from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Royal Bank Of Canada reduced their price target on shares of GrafTech International from $21.00 to $10.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of GrafTech International in a research note on Thursday, January 22nd. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, GrafTech International presently has a consensus rating of “Reduce” and a consensus target price of $11.75.

GrafTech International Price Performance

NYSE EAF opened at $8.20 on Tuesday. The company has a market cap of $212.99 million, a price-to-earnings ratio of -0.96 and a beta of 1.63. The stock’s fifty day moving average price is $6.64 and its 200 day moving average price is $12.51. GrafTech International has a 1 year low of $4.92 and a 1 year high of $20.32.

GrafTech International (NYSE:EAF) last issued its quarterly earnings results on Friday, February 6th. The company reported ($2.45) EPS for the quarter, missing analysts’ consensus estimates of ($1.27) by ($1.18). The business had revenue of $116.46 million during the quarter, compared to the consensus estimate of $140.00 million. Research analysts expect that GrafTech International will post -0.57 earnings per share for the current year.

Institutional Trading of GrafTech International

Hedge funds have recently modified their holdings of the stock. Intesa Sanpaolo Wealth Management purchased a new position in GrafTech International during the fourth quarter valued at approximately $31,000. Jump Financial LLC acquired a new stake in shares of GrafTech International during the 2nd quarter worth approximately $42,000. Jefferies Financial Group Inc. purchased a new position in shares of GrafTech International during the 4th quarter valued at approximately $157,000. Tower Research Capital LLC TRC increased its holdings in shares of GrafTech International by 1,128.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 167,106 shares of the company’s stock valued at $163,000 after purchasing an additional 153,500 shares in the last quarter. Finally, 9823 Capital L.P. acquired a new position in shares of GrafTech International in the 4th quarter valued at $177,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

GrafTech International Company Profile

GrafTech International (NYSE: EAF) is a leading global manufacturer of graphite electrodes and other specialty graphite products used primarily in electric arc furnaces (EAFs) for steel production. The company’s core offerings include ultrahigh-power, high-power and regular power electrodes, along with related accessories such as graphite shapes and heterogeneous carbon materials. These products play a critical role in steelmaking by conducting the high electrical currents required to melt scrap steel efficiently and with reduced environmental impact compared to traditional blast furnace methods.

With a manufacturing footprint spanning North America, Europe and Asia, GrafTech serves steel producers and foundries worldwide.