GrafTech International Ltd (NYSE:EAF) has been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $26.60.

A number of analysts have recently commented on the company. Zacks Investment Research cut GrafTech International from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Vertical Research assumed coverage on GrafTech International in a research report on Wednesday, August 1st. They set a “buy” rating and a $29.00 target price on the stock. Vertical Group assumed coverage on GrafTech International in a research report on Wednesday, August 1st. They set a “buy” rating on the stock. Finally, BMO Capital Markets lifted their target price on GrafTech International from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Monday, August 6th.

In other news, Director Gp Ltd Bcp sold 34,688,311 shares of GrafTech International stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $19.75, for a total transaction of $685,094,142.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA purchased a new position in shares of GrafTech International during the second quarter worth about $68,574,000. First Mercantile Trust Co. purchased a new position in shares of GrafTech International during the second quarter worth about $231,000. Macquarie Group Ltd. purchased a new position in shares of GrafTech International during the second quarter worth about $2,892,000. Millennium Management LLC purchased a new position in shares of GrafTech International during the second quarter worth about $61,229,000. Finally, Bank of Montreal Can purchased a new position in shares of GrafTech International during the second quarter worth about $2,513,000. 15.06% of the stock is currently owned by hedge funds and other institutional investors.

GrafTech International stock opened at $17.53 on Monday. GrafTech International has a 1-year low of $14.00 and a 1-year high of $24.36. The company has a quick ratio of 1.63, a current ratio of 2.56 and a debt-to-equity ratio of -2.19.

GrafTech International (NYSE:EAF) last posted its quarterly earnings results on Friday, August 3rd. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.07. GrafTech International had a negative return on equity of 1,837.51% and a net margin of 38.52%. The company had revenue of $456.30 million for the quarter, compared to analysts’ expectations of $417.00 million. The firm’s quarterly revenue was up 292.3% on a year-over-year basis. Sell-side analysts predict that GrafTech International will post 2.73 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 31st were given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, August 30th.

About GrafTech International

GrafTech International Ltd. researches, develops, manufactures, and sells synthetic and natural graphite and carbon based products worldwide. It offers graphite electrodes, which are components of the conductive power systems used to produce steel and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.

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Analyst Recommendations for GrafTech International (NYSE:EAF)

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