Shares of GrafTech International Ltd (NYSE:EAF) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $12.00.
Several analysts have weighed in on EAF shares. ValuEngine cut shares of GrafTech International from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 2nd. Zacks Investment Research lowered shares of GrafTech International from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. JPMorgan Chase & Co. decreased their price target on shares of GrafTech International from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $7.00 price target on shares of GrafTech International in a report on Thursday, March 26th.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Amalgamated Bank grew its holdings in GrafTech International by 12.9% during the 4th quarter. Amalgamated Bank now owns 13,644 shares of the company’s stock worth $159,000 after acquiring an additional 1,563 shares during the last quarter. CIBC World Markets Inc. lifted its position in shares of GrafTech International by 0.8% during the 4th quarter. CIBC World Markets Inc. now owns 265,065 shares of the company’s stock valued at $3,080,000 after acquiring an additional 1,984 shares during the period. Franklin Resources Inc. lifted its position in shares of GrafTech International by 23.7% during the 1st quarter. Franklin Resources Inc. now owns 13,023 shares of the company’s stock valued at $105,000 after acquiring an additional 2,495 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of GrafTech International by 38.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,014 shares of the company’s stock valued at $73,000 after acquiring an additional 2,496 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of GrafTech International by 6.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 41,823 shares of the company’s stock valued at $486,000 after acquiring an additional 2,499 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.
EAF opened at $8.03 on Wednesday. The firm’s fifty day moving average is $7.32 and its two-hundred day moving average is $8.93. The firm has a market cap of $2.15 billion, a PE ratio of 3.42 and a beta of 0.98. GrafTech International has a twelve month low of $5.56 and a twelve month high of $14.84.
GrafTech International (NYSE:EAF) last posted its earnings results on Wednesday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.11). The company had revenue of $318.65 million for the quarter, compared to analyst estimates of $353.00 million. GrafTech International had a negative return on equity of 99.61% and a net margin of 40.96%. The business’s quarterly revenue was down 32.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. Research analysts forecast that GrafTech International will post 1.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, May 28th. GrafTech International’s payout ratio is 1.55%.
About GrafTech International
GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes, which requires for the production of electric arc furnace steel, ferrous, and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.
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