GrafTech International Ltd. (NYSE:EAF) Receives $11.75 Average PT from Brokerages

Shares of GrafTech International Ltd. (NYSE:EAF) have been given a consensus recommendation of “Reduce” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $11.75.

Several equities research analysts recently weighed in on EAF shares. Weiss Ratings restated a “sell (d-)” rating on shares of GrafTech International in a report on Thursday, January 22nd. Wall Street Zen cut GrafTech International from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, Royal Bank Of Canada dropped their target price on GrafTech International from $21.00 to $10.00 and set a “sector perform” rating for the company in a report on Tuesday, February 10th.

Institutional Investors Weigh In On GrafTech International

Institutional investors have recently bought and sold shares of the stock. Intesa Sanpaolo Wealth Management purchased a new stake in GrafTech International during the 4th quarter valued at about $31,000. Jefferies Financial Group Inc. purchased a new stake in GrafTech International in the 4th quarter worth approximately $157,000. 9823 Capital L.P. purchased a new stake in GrafTech International in the 4th quarter worth approximately $177,000. Olympiad Research LP purchased a new stake in GrafTech International in the 3rd quarter worth approximately $192,000. Finally, Prelude Capital Management LLC purchased a new stake in GrafTech International in the 3rd quarter worth approximately $192,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

GrafTech International Price Performance

Shares of EAF stock opened at $6.58 on Friday. The stock has a market capitalization of $171.09 million, a PE ratio of -0.77 and a beta of 1.63. GrafTech International has a 1-year low of $4.92 and a 1-year high of $20.32. The business has a 50-day moving average of $7.82 and a 200 day moving average of $12.78.

GrafTech International (NYSE:EAF) last issued its earnings results on Friday, February 6th. The company reported ($2.45) earnings per share for the quarter, missing the consensus estimate of ($1.27) by ($1.18). The company had revenue of $116.46 million during the quarter, compared to the consensus estimate of $140.00 million. Analysts anticipate that GrafTech International will post -0.57 EPS 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.