GrafTech International Ltd. (NYSE:EAF) Receives Average Rating of “Reduce” from Brokerages

Shares of GrafTech International Ltd. (NYSE:EAF) have been given an average recommendation of “Reduce” by the six analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $14.25.

EAF has been the subject of a number of recent research reports. Wall Street Zen upgraded GrafTech International from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GrafTech International in a research note on Wednesday, October 8th. Finally, Citigroup boosted their price target on GrafTech International from $10.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC lifted its holdings in GrafTech International by 42.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,531 shares of the company’s stock valued at $27,000 after acquiring an additional 8,188 shares during the period. Jump Financial LLC acquired a new position in shares of GrafTech International in the 2nd quarter valued at $42,000. CWM LLC grew its position in shares of GrafTech International by 63.7% in the 2nd quarter. CWM LLC now owns 66,335 shares of the company’s stock valued at $65,000 after buying an additional 25,818 shares during the last quarter. Quantbot Technologies LP raised its stake in GrafTech International by 17.0% during the 1st quarter. Quantbot Technologies LP now owns 95,810 shares of the company’s stock valued at $84,000 after acquiring an additional 13,901 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of GrafTech International during the first quarter worth $103,000. 92.83% of the stock is currently owned by institutional investors and hedge funds.

GrafTech International Stock Performance

EAF opened at $16.72 on Friday. The stock has a market capitalization of $431.71 million, a price-to-earnings ratio of -2.12 and a beta of 1.72. The company has a fifty day moving average of $14.81 and a 200 day moving average of $13.11. GrafTech International has a fifty-two week low of $5.50 and a fifty-two week high of $20.32.

GrafTech International (NYSE:EAF) last posted its earnings results on Friday, October 24th. The company reported ($1.03) EPS for the quarter, beating analysts’ consensus estimates of ($1.22) by $0.19. The firm had revenue of $144.00 million for the quarter, compared to the consensus estimate of $139.58 million. On average, equities research analysts forecast that GrafTech International will post -0.57 earnings per share for the current year.

GrafTech International Company Profile

GrafTech International (NYSE: EAF) is a leading global manufacturer of graphite electrodes and other specialty graphite products used primarily in electric arc furnaces (EAFs) for steel production. The company’s core offerings include ultrahigh-power, high-power and regular power electrodes, along with related accessories such as graphite shapes and heterogeneous carbon materials. These products play a critical role in steelmaking by conducting the high electrical currents required to melt scrap steel efficiently and with reduced environmental impact compared to traditional blast furnace methods.

With a manufacturing footprint spanning North America, Europe and Asia, GrafTech serves steel producers and foundries worldwide.