Auriga Reiterates a 'Buy' on GrafTech International (GTI); Tweaking 2012 Estimates
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Price: $2.70 --0%
Rating Summary:
1 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Auriga reiterates a 'Buy' on GrafTech International (NYSE: GTI) price target of $17.00.
Analyst, Dan Whalen, said, "The newly initiated 2Q12 EBITDA guidance range of $60 m to $70 m was slightly higher than our estimate, but relatively consistent with consensus of $61 million. The company remains well positioned to benefit from recovering carbon steel utilization rates and EPS growth could potentially be supplemented by either share repurchases or opportunistic acquisitions. Alternatively, we also believe the shares would be rewarded if a dividend was implemented as an alternative use of cash."
For an analyst ratings summary and ratings history on GrafTech International click here. For more ratings news on GrafTech International click here.
Shares of GrafTech International closed at $12.16 yesterday.
Analyst, Dan Whalen, said, "The newly initiated 2Q12 EBITDA guidance range of $60 m to $70 m was slightly higher than our estimate, but relatively consistent with consensus of $61 million. The company remains well positioned to benefit from recovering carbon steel utilization rates and EPS growth could potentially be supplemented by either share repurchases or opportunistic acquisitions. Alternatively, we also believe the shares would be rewarded if a dividend was implemented as an alternative use of cash."
For an analyst ratings summary and ratings history on GrafTech International click here. For more ratings news on GrafTech International click here.
Shares of GrafTech International closed at $12.16 yesterday.
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