GrafTech International Ltd. (NYSE:EAF) Receives $14.25 Average PT from Brokerages

Shares of GrafTech International Ltd. (NYSE:EAF) have been given an average rating of “Reduce” by the six analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $14.25.

EAF has been the topic of a number of recent analyst reports. Citigroup lifted their price target on GrafTech International from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, November 19th. Wall Street Zen upgraded GrafTech International from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of GrafTech International in a research note on Wednesday, October 8th.

Institutional Trading of GrafTech International

A number of institutional investors have recently made changes to their positions in EAF. Vanguard Personalized Indexing Management LLC raised its holdings in GrafTech International by 42.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,531 shares of the company’s stock worth $27,000 after purchasing an additional 8,188 shares in the last quarter. Jump Financial LLC bought a new stake in shares of GrafTech International in the 2nd quarter worth $42,000. CWM LLC lifted its holdings in shares of GrafTech International by 63.7% in the second quarter. CWM LLC now owns 66,335 shares of the company’s stock valued at $65,000 after buying an additional 25,818 shares during the period. Catalyst Funds Management Pty Ltd bought a new position in GrafTech International during the second quarter valued at about $117,000. Finally, Tower Research Capital LLC TRC grew its holdings in GrafTech International by 1,128.2% during the second quarter. Tower Research Capital LLC TRC now owns 167,106 shares of the company’s stock worth $163,000 after acquiring an additional 153,500 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.

GrafTech International Stock Performance

Shares of EAF opened at $17.88 on Tuesday. The firm has a fifty day moving average of $15.84 and a 200-day moving average of $13.89. The company has a market cap of $461.66 million, a price-to-earnings ratio of -2.26 and a beta of 1.64. 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 quarterly earnings data on Friday, October 24th. The company reported ($1.03) earnings per share for the quarter, beating the consensus estimate of ($1.22) by $0.19. The firm had revenue of $144.00 million during the quarter, compared to the consensus estimate of $139.58 million. Analysts predict that GrafTech International will post -0.57 EPS 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.