GrafTech International Ltd. (NYSE:EAF) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of GrafTech International Ltd. (NYSE:EAF) have been assigned an average recommendation of “Reduce” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $14.25.

Several research firms have recently weighed in on EAF. Zacks Research downgraded GrafTech International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of GrafTech International in a research note on Wednesday, October 8th. Citigroup increased their price objective on GrafTech International from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, November 19th. Finally, Wall Street Zen upgraded shares of GrafTech International from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC raised its holdings in shares of GrafTech International by 42.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,531 shares of the company’s stock valued at $27,000 after buying an additional 8,188 shares during the last quarter. Rathbones Group PLC acquired a new position in GrafTech International in the 1st quarter valued at about $35,000. CWM LLC increased its position in GrafTech International by 2,978.8% in the 1st quarter. CWM LLC now owns 40,517 shares of the company’s stock valued at $35,000 after acquiring an additional 39,201 shares during the period. Jump Financial LLC purchased a new stake in GrafTech International during the 2nd quarter valued at approximately $42,000. Finally, Quantbot Technologies LP lifted its position in GrafTech International by 17.0% during the 1st quarter. Quantbot Technologies LP now owns 95,810 shares of the company’s stock worth $84,000 after acquiring an additional 13,901 shares during the period. 92.83% of the stock is currently owned by institutional investors and hedge funds.

GrafTech International Price Performance

NYSE EAF opened at $14.42 on Monday. The firm’s fifty day moving average price is $14.51 and its 200 day moving average price is $12.34. GrafTech International has a 12 month low of $5.50 and a 12 month high of $22.60. The company has a market capitalization of $372.32 million, a price-to-earnings ratio of -1.83 and a beta of 1.73.

GrafTech International (NYSE:EAF) last announced its quarterly earnings results on Friday, October 24th. The company reported ($1.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.22) by $0.19. The company had revenue of $144.00 million during the quarter, compared to analysts’ expectations of $139.58 million. As a group, sell-side analysts forecast that GrafTech International will post -0.57 earnings per share for the current year.

About GrafTech International

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.