Analysts Set GrafTech International Ltd. (NYSE:EAF) PT at $1.75

Shares of GrafTech International Ltd. (NYSE:EAF - Get Free Report) have been given an average recommendation of "Reduce" by the five analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $1.75.

A number of equities research analysts have recently weighed in on EAF shares. JPMorgan Chase & Co. lowered GrafTech International from a "neutral" rating to an "underweight" rating in a research note on Tuesday, July 16th. BMO Capital Markets dropped their price objective on GrafTech International from $1.20 to $1.00 and set a "market perform" rating for the company in a research note on Monday, July 29th.

Hedge Funds Weigh In On GrafTech International

A number of institutional investors have recently bought and sold shares of EAF. Foundation Resource Management Inc. grew its holdings in shares of GrafTech International by 1.3% during the 3rd quarter. Foundation Resource Management Inc. now owns 1,873,481 shares of the company's stock worth $2,473,000 after acquiring an additional 24,138 shares during the period. SG Americas Securities LLC bought a new stake in shares of GrafTech International during the third quarter valued at approximately $156,000. Algert Global LLC grew its stake in GrafTech International by 13.3% in the second quarter. Algert Global LLC now owns 164,094 shares of the company's stock worth $159,000 after purchasing an additional 19,224 shares during the period. Millennium Management LLC raised its holdings in GrafTech International by 287.8% in the second quarter. Millennium Management LLC now owns 5,065,715 shares of the company's stock worth $4,914,000 after purchasing an additional 3,759,449 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in GrafTech International by 179.6% during the second quarter. XTX Topco Ltd now owns 135,485 shares of the company's stock valued at $131,000 after buying an additional 87,027 shares during the period. 92.83% of the stock is owned by institutional investors.

GrafTech International Price Performance

Shares of EAF stock traded up $0.09 during trading hours on Thursday, hitting $1.82. 925,248 shares of the company's stock were exchanged, compared to its average volume of 3,177,594. The company has a market capitalization of $468.04 million, a PE ratio of -1.67 and a beta of 0.98. The company has a current ratio of 4.22, a quick ratio of 2.01 and a debt-to-equity ratio of 57.38. GrafTech International has a 12-month low of $0.52 and a 12-month high of $3.54. The business's 50 day simple moving average is $1.08 and its 200-day simple moving average is $1.22.

GrafTech International (NYSE:EAF - Get Free Report) last issued its earnings results on Friday, July 26th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.06. GrafTech International had a negative net margin of 50.11% and a negative return on equity of 121.77%. The company had revenue of $137.33 million for the quarter, compared to analysts' expectations of $122.48 million. On average, equities research analysts anticipate that GrafTech International will post -0.43 earnings per share for the current year.

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.