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

Shares of GrafTech International Ltd. (NYSE:EAF) have been assigned an average recommendation of “Reduce” from the five brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $1.75.

Several brokerages recently weighed in on EAF. JPMorgan Chase & Co. downgraded shares of GrafTech International from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 16th. BMO Capital Markets dropped their target price 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.

GrafTech International Trading Up 13.0 %

Shares of EAF stock opened at $0.68 on Wednesday. GrafTech International has a 1 year low of $0.52 and a 1 year high of $3.97. The firm has a fifty day moving average price of $0.81 and a 200-day moving average price of $1.29. The company has a debt-to-equity ratio of 57.38, a current ratio of 4.22 and a quick ratio of 2.01. The company has a market cap of $174.90 million, a price-to-earnings ratio of -0.62 and a beta of 0.94.

GrafTech International (NYSE:EAF) last issued its earnings results on Friday, July 26th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06. The company had revenue of $137.33 million during the quarter, compared to the consensus estimate of $122.48 million. GrafTech International had a negative net margin of 50.11% and a negative return on equity of 121.77%. As a group, equities analysts predict that GrafTech International will post -0.43 earnings per share for the current year.

Institutional Trading of GrafTech International

Several hedge funds have recently bought and sold shares of EAF. CWM LLC raised its position in shares of GrafTech International by 211.9% during the 4th quarter. CWM LLC now owns 14,000 shares of the company’s stock valued at $31,000 after buying an additional 9,511 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of GrafTech International by 58.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 25,535 shares of the company’s stock valued at $35,000 after buying an additional 9,416 shares in the last quarter. Welch Group LLC raised its position in shares of GrafTech International by 71.2% during the 1st quarter. Welch Group LLC now owns 34,243 shares of the company’s stock valued at $47,000 after buying an additional 14,243 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of GrafTech International during the 4th quarter valued at about $49,000. Finally, Paloma Partners Management Co purchased a new stake in shares of GrafTech International during the 1st quarter valued at about $76,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

GrafTech International Company Profile

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.