In a report released on February 6, Arun Viswanathan from RBC Capital maintained a Hold rating on GrafTech International (EAF – Research Report), with a price target of $3.00. The company’s shares closed yesterday at $1.34.
According to TipRanks, Viswanathan is a 4-star analyst with an average return of 4.7% and a 54.66% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as LyondellBasell, Corteva, and Huntsman.
The word on The Street in general, suggests a Hold analyst consensus rating for GrafTech International with a $2.33 average price target.
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Based on GrafTech International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $158.99 million and a GAAP net loss of $22.62 million. In comparison, last year the company earned a revenue of $303.84 million and had a net profit of $93.45 million
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GrafTech International (EAF) Company Description:
GrafTech International Ltd. manufactures graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The firm also produces needle coke products which is a raw material to producing graphite electrodes. Its customers include steel producers and other ferrous and non-ferrous metal producers in Europe, the Middle East and Africa, the Americas and Asia-Pacific, which sell its products into the automotive, construction, appliance, machinery, equipment and transportation industries. The company was founded in 1886 and is headquartered in Independence, OH.
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