Analysts Set GrafTech International Ltd. (NYSE:EAF) Target Price at $16.25

GrafTech International Ltd. (NYSE:EAF) has received an average rating of “Reduce” from the seven research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $16.25.

A number of analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GrafTech International in a research note on Wednesday, October 8th. BMO Capital Markets boosted their price objective 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. Wall Street Zen upgraded GrafTech International from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Zacks Research lowered GrafTech International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st.

GrafTech International Trading Up 7.3%

NYSE EAF opened at $12.90 on Thursday. The stock has a market cap of $333.18 million, a price-to-earnings ratio of -1.63 and a beta of 1.73. The company has a 50-day moving average price of $13.58 and a two-hundred day moving average price of $11.63. GrafTech International has a 52 week low of $5.50 and a 52 week high of $25.30.

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

Hedge Funds Weigh In On GrafTech International

Several institutional investors have recently made changes to their positions in EAF. Cerity Partners LLC bought a new stake in GrafTech International in the 1st quarter worth about $49,000. Yacktman Asset Management LP lifted its position in shares of GrafTech International by 0.6% during the 1st quarter. Yacktman Asset Management LP now owns 10,698,696 shares of the company’s stock worth $9,355,000 after buying an additional 59,216 shares in the last quarter. CWM LLC boosted its stake in shares of GrafTech International by 2,978.8% in the 1st quarter. CWM LLC now owns 40,517 shares of the company’s stock worth $35,000 after buying an additional 39,201 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of GrafTech International by 653.6% in the first quarter. XTX Topco Ltd now owns 148,931 shares of the company’s stock valued at $130,000 after acquiring an additional 129,169 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. bought a new position in shares of GrafTech International in the first quarter valued at approximately $1,433,000. 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.