GrafTech International Ltd. (EAF) shares are trading at lower $6.35 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $8.90.
To add more color to this target, the company’s high over the last year is $14.84 and the low is $5.56. Over the last 52 weeks, EAF is down -53.03% while the S&P 500 is up 13.97%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, EAF reported a profit of $150.12 million. GrafTech International Ltd. also saw revenues increase to $280.72 million. In addition, EAF has free cash flow of $263.3 million as of 06-2020. The company’s EBITDA came in at $147.96 million which compares well with its peers.
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EAF booked profit margins of 39.40%, its Return on Equity (ROE) is -88.70%, and its Return on Assets is 35.30%. All told, it is clear that, EAF needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. EAF has a short ratio of 5.50 and outstanding shares of 267.25M.
EAF has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 2.02. GrafTech International Ltd. EAF also noted assets of $1.53 billion at the end of the last quarter. Investors should also keep an eye on sector updates as EAF has historically followed its peers on positive news.
All told, GrafTech International Ltd. EAF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, EAF represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
GrafTech International Ltd. EAF is now commanding a market cap of 1.67B and a float of 267.15M. EAF is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of EAF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in EAF, either long or short, and we have not been compensated for this article.