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

GrafTech International Ltd. (NYSE:EAF) has earned an average rating of “Reduce” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.25.

A number of research firms have commented on EAF. BMO Capital Markets raised their target price on shares of GrafTech International from $10.00 to $15.00 and gave the company a “market perform” rating in a research report on Tuesday, July 29th. Zacks Research lowered shares of GrafTech International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Wall Street Zen upgraded GrafTech International from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GrafTech International in a research report on Wednesday, October 8th.

GrafTech International Stock Up 8.2%

Shares of NYSE EAF opened at $14.49 on Thursday. GrafTech International has a twelve month low of $5.50 and a twelve month high of $25.30. The firm has a market cap of $374.21 million, a PE ratio of -1.83 and a beta of 1.73. The business has a fifty day simple moving average of $13.83 and a two-hundred day simple moving average of $11.78.

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

Hedge Funds Weigh In On GrafTech International

A number of large investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH bought a new stake in shares of GrafTech International in the 3rd quarter valued at about $508,000. Olympiad Research LP purchased a new stake in GrafTech International during the third quarter valued at approximately $192,000. Hudson Bay Capital Management LP acquired a new stake in GrafTech International in the second quarter valued at approximately $197,000. Tower Research Capital LLC TRC grew its holdings in GrafTech International by 1,128.2% in the second quarter. Tower Research Capital LLC TRC now owns 167,106 shares of the company’s stock worth $163,000 after purchasing an additional 153,500 shares during the last quarter. Finally, Sender Co & Partners Inc. increased its position in shares of GrafTech International by 169.2% during the second quarter. Sender Co & Partners Inc. now owns 1,286,455 shares of the company’s stock worth $1,251,000 after purchasing an additional 808,615 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

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.