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

Shares of GrafTech International Ltd. (NYSE:EAF) have been given a consensus rating of “Reduce” by the seven brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $16.25.

EAF has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of GrafTech International in a research report on Wednesday, October 8th. Zacks Research lowered GrafTech International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, BMO Capital Markets upped their target price on GrafTech International from $10.00 to $15.00 and gave the company a “market perform” rating in a research report on Tuesday, July 29th.

GrafTech International Trading Up 6.5%

EAF opened at $17.75 on Friday. The firm has a market cap of $458.31 million, a price-to-earnings ratio of -2.16 and a beta of 1.71. GrafTech International has a 12 month low of $5.50 and a 12 month high of $25.30. The stock has a fifty day moving average price of $12.57 and a 200-day moving average price of $10.77.

GrafTech International (NYSE:EAF) last released its quarterly earnings results on Friday, July 25th. The company reported ($1.60) EPS for the quarter, missing the consensus estimate of ($1.20) by ($0.40). The firm had revenue of $131.84 million during the quarter, compared to analysts’ expectations of $130.44 million. On average, equities research analysts forecast that GrafTech International will post -0.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. PFG Investments LLC acquired a new position in GrafTech International during the 1st quarter valued at about $87,000. Cerity Partners LLC acquired a new position in GrafTech International during the 1st quarter valued at about $49,000. Yacktman Asset Management LP increased its position in GrafTech International by 0.6% during the 1st quarter. Yacktman Asset Management LP now owns 10,698,696 shares of the company’s stock valued at $9,355,000 after buying an additional 59,216 shares in the last quarter. CWM LLC grew its stake in GrafTech International by 2,978.8% during the 1st quarter. CWM LLC now owns 40,517 shares of the company’s stock valued at $35,000 after purchasing an additional 39,201 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. purchased a new stake in GrafTech International during the 1st quarter valued at about $1,433,000. 92.83% of the stock is owned by institutional investors and hedge funds.

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.