GrafTech International (NYSE:EAF) Upgraded by Wall Street Zen to Hold Rating

GrafTech International (NYSE:EAF) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other brokerages have also commented on EAF. Zacks Research lowered shares of GrafTech International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings restated a “sell (d-)” rating on shares of GrafTech International in a research note on Wednesday, October 8th. Finally, BMO Capital Markets upped their target price on GrafTech International from $10.00 to $15.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 29th. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $16.25.

GrafTech International Price Performance

Shares of EAF opened at $13.42 on Friday. The company has a market capitalization of $346.38 million, a price-to-earnings ratio of -1.70 and a beta of 1.71. GrafTech International has a fifty-two week low of $5.50 and a fifty-two week high of $25.30. The business’s 50-day moving average is $13.34 and its 200-day moving average is $11.38.

GrafTech International (NYSE:EAF) last issued its earnings results on Friday, October 24th. The company reported ($1.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.22) by $0.19. The business had revenue of $144.00 million during the quarter, compared to analyst estimates of $139.58 million. Equities research analysts expect that GrafTech International will post -0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GrafTech International

Several hedge funds and other institutional investors have recently modified their holdings of EAF. Vanguard Personalized Indexing Management LLC boosted its holdings in GrafTech International by 42.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 27,531 shares of the company’s stock valued at $27,000 after purchasing an additional 8,188 shares during the period. Quantbot Technologies LP raised its stake in shares of GrafTech International by 17.0% in the first quarter. Quantbot Technologies LP now owns 95,810 shares of the company’s stock valued at $84,000 after purchasing an additional 13,901 shares in the last quarter. Olympiad Research LP acquired a new position in shares of GrafTech International in the third quarter valued at $192,000. Rhumbline Advisers raised its stake in shares of GrafTech International by 4.4% in the first quarter. Rhumbline Advisers now owns 358,904 shares of the company’s stock valued at $314,000 after purchasing an additional 15,147 shares in the last quarter. Finally, CWM LLC raised its stake in shares of GrafTech International by 63.7% in the second quarter. CWM LLC now owns 66,335 shares of the company’s stock valued at $65,000 after purchasing an additional 25,818 shares in the last quarter. Institutional investors and hedge funds 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.