Auriga Gives Buy Rating to GrafTech International (GTI)
GrafTech International (NYSE: GTI)‘s stock had its “buy” rating reiterated by equities research analysts at Auriga in a research note issued to investors on Friday.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of GrafTech International in a research note to investors on Wednesday, March 14th. They now have a $18.00 price target on the stock. Analysts at KeyBanc (NYSE: KEY) downgraded shares of GrafTech International from a “buy” rating to a “hold” rating in a research note to investors on Friday, February 24th.
GrafTech International traded down 1.94% on Friday, hitting $11.64. GrafTech International has a 1-year low of $11.02 and a 1-year high of $23.35. The company has a market cap of $1.671 billion and a price-to-earnings ratio of 11.30.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.12 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.07 EPS by $0.05. The company’s quarterly revenue was down 21.2% on a year-over-year basis. Analysts expect that GrafTech International will post $0.28 EPS next quarter.
GrafTech International Ltd. (GTL) manufactures a range of graphite electrodes, products for the production of electric arc furnace (EAF) steel and various other ferrous and nonferrous metals.