GrafTech International Ltd. (NYSE:EAF) Receives $10.67 Consensus PT from Analysts

Shares of GrafTech International Ltd. (NYSE:EAF) have earned an average recommendation of “Reduce” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $10.6667.

A number of equities analysts have weighed in on EAF shares. Weiss Ratings upgraded shares of GrafTech International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Wall Street Zen lowered GrafTech International from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Finally, Zacks Research cut GrafTech International from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th.

GrafTech International Trading Down 0.5%

GrafTech International stock opened at $6.17 on Wednesday. The stock has a fifty day moving average price of $6.84 and a 200 day moving average price of $7.41. GrafTech International has a 52 week low of $4.92 and a 52 week high of $20.32. The firm has a market capitalization of $160.98 million, a P/E ratio of -0.91 and a beta of 1.85.

GrafTech International (NYSE:EAF) last issued its quarterly earnings results on Friday, July 24th. The company reported ($1.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.46) by ($0.01). The business had revenue of $127.36 million during the quarter, compared to analysts’ expectations of $125.02 million. As a group, equities analysts predict that GrafTech International will post -6.45 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Intesa Sanpaolo Wealth Management acquired a new position in shares of GrafTech International in the fourth quarter valued at approximately $31,000. Bridgeway Capital Management LLC lifted its holdings in GrafTech International by 9.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 32,200 shares of the company’s stock worth $499,000 after purchasing an additional 2,800 shares during the last quarter. Bank of America Corp DE lifted its holdings in GrafTech International by 4.5% during the 1st quarter. Bank of America Corp DE now owns 94,360 shares of the company’s stock worth $640,000 after purchasing an additional 4,067 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in GrafTech International by 27.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,688 shares of the company’s stock valued at $368,000 after purchasing an additional 5,050 shares during the period. Finally, Krilogy Financial LLC boosted its stake in GrafTech International by 42.9% in the 1st quarter. Krilogy Financial LLC now owns 20,000 shares of the company’s stock valued at $136,000 after purchasing an additional 6,000 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.

About GrafTech International

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.