GrafTech International Ltd (NYSE:EAF) has been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $24.83.

Several research analysts have issued reports on EAF shares. Zacks Investment Research cut shares of GrafTech International from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 13th. Citigroup dropped their target price on shares of GrafTech International from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, April 1st.

A number of institutional investors have recently modified their holdings of the business. Reinhart Partners Inc. grew its holdings in GrafTech International by 55.1% during the 1st quarter. Reinhart Partners Inc. now owns 337,499 shares of the company’s stock worth $4,317,000 after acquiring an additional 119,859 shares in the last quarter. Wiley BROS. Aintree Capital LLC bought a new position in GrafTech International during the 1st quarter worth about $554,000. Geode Capital Management LLC grew its holdings in GrafTech International by 24.0% during the 4th quarter. Geode Capital Management LLC now owns 761,247 shares of the company’s stock worth $8,708,000 after acquiring an additional 147,435 shares in the last quarter. Norges Bank bought a new stake in shares of GrafTech International in the 4th quarter valued at about $56,907,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of GrafTech International in the 4th quarter valued at about $4,915,000.

Shares of NYSE EAF traded up $0.20 during mid-day trading on Monday, reaching $13.98. The company had a trading volume of 1,075,700 shares, compared to its average volume of 1,248,688. The stock has a market cap of $4.00 billion and a PE ratio of 4.87. GrafTech International has a 52 week low of $10.27 and a 52 week high of $24.36.

GrafTech International (NYSE:EAF) last posted its quarterly earnings results on Friday, February 8th. The company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.08. The firm had revenue of $532.80 million for the quarter, compared to analysts’ expectations of $487.67 million. GrafTech International had a net margin of 45.06% and a negative return on equity of 100.98%. The firm’s revenue was up 176.8% on a year-over-year basis. Research analysts forecast that GrafTech International will post 2.87 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 28th were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 2.43%. The ex-dividend date was Wednesday, February 27th. GrafTech International’s payout ratio is 11.85%.

About GrafTech International

GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes, which requires for the production of electric arc furnace steel, ferrous, 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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