Is SGL Carbon (ETR:SGL) a Stock One Should Sell Following Today’s Kepler Cheuvreux Downgrade?


SGL Carbon (ETR:SGL) Receives a Downgrade

In a note finalized on 15 December, Kepler Cheuvreux has decided to lowered their rating on shares of SGL Carbon (ETR:SGL) to a Reduce and has published an estimated 12-month target equal to EUR 11.00. This target is -15.32% from SGL’s current share price.

From a total of 8 analysts covering SGL Carbon (ETR:SGL) stock, 1 rate it a ”Buy”, 3 a “Sell”, and 4 a ”Hold”. This means that 13% of the ratings are positive. The highest target price is €19.50 while the lowest target price is €9. The mean of all analyst targets is €14.72 with a 13.49% above today’s (€12.97) stock price. SGL Carbon was the topic of 16 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Bankhaus Lampe downgraded shares on December 10 to “Sell” rating. Warburg Research maintained shares with “Hold” rating and €14.30 target share price in a report from an October 30. Landesbank maintained SGL stock in a recent report from December 3 with “Hold” rating. Landesbank maintained the rating on August 26. Landesbank has a “Hold” rating and a €15 price target on shares. Finally, Baader Wertpapierhandelsbank upgraded the stock to “Buy” rating in a report issued on a November 5.

The stock decreased 0.12% or EUR 0.01 on December 14, striking EUR 12.97. Approximately 180,174 shares of stock traded hands. SGL Carbon SE (ETR:SGL) has risen 1.62% since May 12, 2015 and is uptrending. It has outperformed by 6.03% the S&P500.

 Is SGL Carbon (ETR:SGL) a Stock One Should Sell Following Today’s Kepler Cheuvreux Downgrade?

The overall sentiment of institutions has decreased to 0.92 in Q2 2015. Its down 0.08, from 1 in 2015Q2. The ratio worsened, as 5 institutions have sold all the shares of SGL Carbon SE that they owned while 7 funds have taken shares off the table. 3 funds have purchased shares for the first time while 8 added to their positions. These institutions now hold 5.40 million shares or 0.20% more than the 5.39 million shares they owned in 2015Q2.

The Fund Financial & Investment Management Group Ltd currently is holding shares equating to 1.67% of its total portfolio in SGL Carbon SE representing a total of 754,301 shares. Another fund,Diversified Investment Strategies Llc, is holding a total of 96,175 shares equating to 0.91% of their holdings. Additionally, Meridian Investment Counsel Inc. has a 75,142 share stake in SGL Carbon SE which represents 0.49% of their total portfolio. The Fund, Rivernorth Capital Management Llc, based out of Illinois, has also built up a stake in the stock, which represents a total of 0.26% of their total portfolio. Finally Round Table Services Llc, a fund which is based in the state of New Jersey reported a total holdings of 41,000 shares.

SGL Carbon SE, together with its subsidiaries, is a maker of carbon and graphite products. The company has a market cap of 1.19 billion EUR. The Firm supplies a spectrum of industries ranging from traditional industrial sectors to new future high-growth areas. It currently has negative earnings. The Firm operates in four divisions: Performance Products , which makes graphite electrodes for the production of steel in electric arc furnaces and carbon electrodes; Graphite Specialties (GS), which makes specialty graphites and a well-known provider for equipment and systems for the process technology; Carbon Fibers & Materials (CFM), which encompasses products based on carbon, glass and aramid fibers, and Corporate & Others (C&O), which includes manufacturing of equipment for chemical process (process technology).