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

Shares of GrafTech International Ltd. (NYSE:EAF) have earned an average recommendation of “Reduce” from the six research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $11.75.

Several analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of GrafTech International from $10.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, November 19th. Royal Bank Of Canada cut their target price on GrafTech International from $21.00 to $10.00 and set a “sector perform” rating for the company in a research note on Tuesday. Wall Street Zen upgraded GrafTech International from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of GrafTech International in a research report on Thursday, January 22nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC grew its position in GrafTech International by 42.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,531 shares of the company’s stock worth $27,000 after buying an additional 8,188 shares in the last quarter. Intesa Sanpaolo Wealth Management bought a new stake in shares of GrafTech International during the 4th quarter valued at about $31,000. Jump Financial LLC bought a new stake in shares of GrafTech International during the 2nd quarter valued at about $42,000. CWM LLC grew its holdings in shares of GrafTech International by 63.7% during the second quarter. CWM LLC now owns 66,335 shares of the company’s stock worth $65,000 after purchasing an additional 25,818 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new position in shares of GrafTech International in the second quarter worth approximately $117,000. Institutional investors own 92.83% of the company’s stock.

GrafTech International Stock Performance

Shares of EAF stock opened at $6.66 on Friday. The firm has a market cap of $171.99 million, a price-to-earnings ratio of -0.78 and a beta of 1.63. GrafTech International has a 52 week low of $5.50 and a 52 week high of $20.32. The firm’s 50-day simple moving average is $15.52 and its two-hundred day simple moving average is $14.00.

GrafTech International (NYSE:EAF) last released its earnings results on Friday, February 6th. The company reported ($2.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.27) by ($1.18). The firm had revenue of $116.46 million for the quarter, compared to analysts’ expectations of $140.00 million. 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.