GrafTech International Ltd. (NYSE:EAF) Receives $1.75 Consensus Target Price from Analysts

GrafTech International Ltd. (NYSE:EAF) has been given an average rating of “Reduce” by the five analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $1.75.

A number of analysts recently weighed in on EAF shares. BMO Capital Markets lowered their price target on shares of GrafTech International from $1.20 to $1.00 and set a “market perform” rating for the company in a report on Monday, July 29th. JPMorgan Chase & Co. downgraded GrafTech International from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 16th.

Institutional Trading of GrafTech International

Several institutional investors and hedge funds have recently made changes to their positions in EAF. SG Americas Securities LLC acquired a new stake in shares of GrafTech International during the third quarter worth $156,000. Algert Global LLC increased its stake in shares of GrafTech International by 13.3% in the 2nd quarter. Algert Global LLC now owns 164,094 shares of the company’s stock valued at $159,000 after acquiring an additional 19,224 shares during the last quarter. Millennium Management LLC raised its position in shares of GrafTech International by 287.8% in the 2nd quarter. Millennium Management LLC now owns 5,065,715 shares of the company’s stock valued at $4,914,000 after acquiring an additional 3,759,449 shares during the period. XTX Topco Ltd boosted its stake in GrafTech International by 179.6% during the 2nd quarter. XTX Topco Ltd now owns 135,485 shares of the company’s stock worth $131,000 after acquiring an additional 87,027 shares during the last quarter. Finally, Fore Capital LLC grew its holdings in GrafTech International by 120.0% during the second quarter. Fore Capital LLC now owns 220,000 shares of the company’s stock valued at $213,000 after purchasing an additional 120,000 shares during the period. Institutional investors own 92.83% of the company’s stock.

GrafTech International Stock Performance

Shares of NYSE:EAF opened at $1.47 on Friday. The business has a fifty day moving average of $0.81 and a 200-day moving average of $1.20. The company has a debt-to-equity ratio of 57.38, a quick ratio of 2.01 and a current ratio of 4.22. GrafTech International has a twelve month low of $0.52 and a twelve month high of $3.89. The firm has a market cap of $378.04 million, a PE ratio of -1.35 and a beta of 0.94.

GrafTech International (NYSE:EAF) last posted its quarterly earnings data on Friday, July 26th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. GrafTech International had a negative net margin of 50.11% and a negative return on equity of 121.77%. The firm had revenue of $137.33 million during the quarter, compared to analysts’ expectations of $122.48 million. On average, equities research analysts predict that GrafTech International will post -0.43 EPS for the current fiscal year.

About GrafTech International

GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. The company offers graphite electrodes to produce electric arc furnace steel and other ferrous and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes and synthetic graphite.