GrafTech International Ltd. Sets New 1-Year High at $11.99 (GTI)
GrafTech International (NYSE:GTI)’s share price reached a new 52-week high on Monday, American Banking & Market News reports. The company traded as high as $11.99 and last traded at $11.60, with a volume of 1,208,187 shares traded. The stock had previously closed at $11.46.
A number of research firms have recently commented on GTI. Analysts at Zacks upgraded shares of GrafTech International from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 1st. They now have a $11.90 price target on the stock. Separately, 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 Jefferies Group upgraded shares of GrafTech International from a “hold” rating to a “buy” rating in a research note to investors on Monday, November 4th. They now have a $12.00 price target on the stock, up previously from $7.00. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $9.68.
GrafTech International (NYSE:GTI) last announced its earnings results on Thursday, October 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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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