GrafTech International (NYSE:EAF) was downgraded by research analysts at Vertical Group from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports.

A number of other equities analysts also recently commented on the company. Zacks Investment Research raised GrafTech International from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, November 6th. Royal Bank of Canada lowered their price target on GrafTech International from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, November 6th. BMO Capital Markets lowered their price target on GrafTech International from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, November 5th. Finally, Vertical Research initiated coverage on GrafTech International in a report on Wednesday, August 1st. They issued a “buy” rating and a $29.00 price target for the company. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $25.33.

Shares of GrafTech International stock opened at $15.19 on Monday. GrafTech International has a one year low of $13.72 and a one year high of $24.36.

GrafTech International (NYSE:EAF) last announced its quarterly earnings data on Friday, November 2nd. The company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.11. GrafTech International had a negative return on equity of 160.94% and a net margin of 43.72%. The business had revenue of $454.90 million during the quarter, compared to the consensus estimate of $426.50 million. The firm’s quarterly revenue was up 231.3% on a year-over-year basis. As a group, research analysts anticipate that GrafTech International will post 2.85 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. boosted its holdings in GrafTech International by 22.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 22,820 shares of the company’s stock valued at $445,000 after purchasing an additional 4,209 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in GrafTech International in the third quarter valued at approximately $118,000. First Mercantile Trust Co. boosted its holdings in GrafTech International by 47.6% in the third quarter. First Mercantile Trust Co. now owns 18,919 shares of the company’s stock valued at $369,000 after purchasing an additional 6,103 shares in the last quarter. Trustcore Financial Services LLC boosted its holdings in GrafTech International by 620.0% in the third quarter. Trustcore Financial Services LLC now owns 7,200 shares of the company’s stock valued at $140,000 after purchasing an additional 6,200 shares in the last quarter. Finally, Utah Retirement Systems acquired a new position in GrafTech International in the third quarter valued at approximately $211,000. 16.24% of the stock is owned by hedge funds and other institutional investors.

About GrafTech International

GrafTech International Ltd. researches, develops, manufactures, and sells synthetic and natural graphite and carbon based products worldwide. It offers graphite electrodes, which are components of the conductive power systems used to produce steel and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.

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Analyst Recommendations for GrafTech International (NYSE:EAF)

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