GrafTech International Ltd. (NYSE:EAF) Receives $11.75 Average Price Target from Analysts

Shares of GrafTech International Ltd. (NYSE:EAF) have been assigned an average rating of “Reduce” from the six analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $11.75.

Several research firms have commented on EAF. Weiss Ratings restated a “sell (d-)” rating on shares of GrafTech International in a report on Thursday, January 22nd. Wall Street Zen downgraded GrafTech International from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup lifted their price objective on GrafTech International from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, November 19th. Finally, Royal Bank Of Canada lowered their price objective on shares of GrafTech International from $21.00 to $10.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 10th.

Hedge Funds Weigh In On GrafTech International

Institutional investors have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp purchased a new stake in GrafTech International during the fourth quarter worth $281,000. Barclays PLC increased its holdings in shares of GrafTech International by 6,249.2% in the 4th quarter. Barclays PLC now owns 20,000 shares of the company’s stock valued at $310,000 after acquiring an additional 19,685 shares during the period. Marshall Wace LLP raised its position in shares of GrafTech International by 25.1% in the 4th quarter. Marshall Wace LLP now owns 494,865 shares of the company’s stock worth $7,675,000 after acquiring an additional 99,411 shares in the last quarter. Walleye Capital LLC bought a new position in shares of GrafTech International in the 4th quarter worth $1,443,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of GrafTech International by 26.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,122,722 shares of the company’s stock worth $17,413,000 after purchasing an additional 236,738 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

GrafTech International Price Performance

GrafTech International stock opened at $6.66 on Friday. The stock has a market cap of $171.99 million, a price-to-earnings ratio of -0.78 and a beta of 1.63. The firm has a 50-day moving average of $15.32 and a two-hundred day moving average of $13.94. GrafTech International has a 1 year low of $5.50 and a 1 year high of $20.32.

GrafTech International (NYSE:EAF) last issued its earnings results on Friday, February 6th. The company reported ($2.45) EPS for the quarter, missing analysts’ consensus estimates of ($1.27) by ($1.18). The firm had revenue of $116.46 million for the quarter, compared to analyst estimates of $140.00 million. Research analysts expect that GrafTech International will post -0.57 earnings per share for the current year.

GrafTech International Company Profile

GrafTech International (NYSE: EAF) is a leading global manufacturer of graphite electrodes and other specialty graphite products used primarily in electric arc furnaces (EAFs) for steel production. The company’s core offerings include ultrahigh-power, high-power and regular power electrodes, along with related accessories such as graphite shapes and heterogeneous carbon materials. These products play a critical role in steelmaking by conducting the high electrical currents required to melt scrap steel efficiently and with reduced environmental impact compared to traditional blast furnace methods.

With a manufacturing footprint spanning North America, Europe and Asia, GrafTech serves steel producers and foundries worldwide.