In a report released yesterday, Arun Viswanathan from RBC Capital maintained a Hold rating on GrafTech International (EAF – Research Report), with a price target of $2.00. The company’s shares closed yesterday at $1.42.
Viswanathan covers the Basic Materials sector, focusing on stocks such as Albemarle, Huntsman, and LyondellBasell. According to TipRanks, Viswanathan has an average return of 4.9% and a 57.40% success rate on recommended stocks.
GrafTech International has an analyst consensus of Hold, with a price target consensus of $1.88, which is a 32.39% upside from current levels. In a report released on February 14, BMO Capital also maintained a Hold rating on the stock with a $1.50 price target.
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Based on GrafTech International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $137.15 million and a GAAP net loss of $217.41 million. In comparison, last year the company earned a revenue of $247.52 million and had a net profit of $50.33 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.
Read More on EAF:
- GrafTech expects modest year-over-year improvement in sales in FY24
- GrafTech reports Q4 adjusted EPS (27c), consensus (12c)
- Graftech Intl (EAF) Q4 Earnings Cheat Sheet
- GrafTech Board Changes: Clegg Resigns, Donoso Appointed
- SHAREHOLDER ALERT: Potential Recovery for GrafTech International Ltd. (EAF) Investors
