GrafTech International Upgraded to Outperform at Zacks (GTI)
GrafTech International (NYSE:GTI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a $11.90 price target on the stock. Zacks‘ price objective suggests a potential upside of 5.97% from the company’s current price.
A number of other analysts have also recently weighed in on GTI. Analysts at Jefferies Group raised their price target on shares of GrafTech International from $12.00 to $13.00 in a research note to investors on Wednesday, December 4th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of GrafTech International from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday, October 16th. They now have a $6.00 price target on the stock, down previously from $6.50. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. GrafTech International has a consensus rating of “Hold” and a consensus price target of $9.68.
Shares of GrafTech International (NYSE:GTI) traded down 0.53% on Wednesday, hitting $11.23. 891,153 shares of the company’s stock traded hands. GrafTech International has a 1-year low of $6.41 and a 1-year high of $11.74. The stock has a 50-day moving average of $11.28 and a 200-day moving average of $8.88. The company has a market cap of $1.518 billion and a price-to-earnings ratio of 51.32.
GrafTech International (NYSE:GTI) last announced its earnings results on Thursday, October 31st. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.02. The company had revenue of $303.00 million for the quarter, compared to the consensus estimate of $305.80 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis.
GrafTech International Ltd (NYSE:GTI) is a manufacturer of graphite electrodes, products essential to the production of electric arc furnace (EAF) steel and various other ferrous and nonferrous metals.
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