Analysts Set GrafTech International Ltd. (NYSE:EAF) Price Target at $1.88

GrafTech International Ltd. (NYSE:EAF) has received a consensus rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating. The average 1 year price target among brokers that have issued a report on the stock in the last year is $1.88.

Several research firms recently issued reports on EAF. UBS Group started coverage on shares of GrafTech International in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $2.00 target price on the stock. Royal Bank of Canada lowered their price objective on shares of GrafTech International from $3.00 to $2.00 and set a “sector perform” rating for the company in a research note on Friday, February 16th. BMO Capital Markets cut their target price on GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a research report on Thursday, February 15th. Finally, Citigroup lowered their price target on GrafTech International from $4.00 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, January 10th.

Insider Activity at GrafTech International

In related news, major shareholder Colonial House Capital Ltd purchased 2,303,599 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average cost of $1.78 per share, for a total transaction of $4,100,406.22. Following the acquisition, the insider now owns 29,535,575 shares in the company, valued at $52,573,323.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On GrafTech International

Several hedge funds and other institutional investors have recently bought and sold shares of EAF. Exchange Traded Concepts LLC lifted its position in shares of GrafTech International by 26.9% during the third quarter. Exchange Traded Concepts LLC now owns 96,738 shares of the company’s stock worth $371,000 after purchasing an additional 20,532 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in GrafTech International by 39.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 14,726 shares of the company’s stock valued at $56,000 after buying an additional 4,147 shares during the last quarter. Bank of New York Mellon Corp boosted its position in GrafTech International by 3.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,287,363 shares of the company’s stock valued at $8,761,000 after buying an additional 75,943 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of GrafTech International by 36.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,186 shares of the company’s stock valued at $196,000 after acquiring an additional 13,730 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of GrafTech International by 3.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 109,775 shares of the company’s stock worth $420,000 after acquiring an additional 3,665 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

GrafTech International Stock Up 2.3 %

EAF stock opened at $1.81 on Wednesday. GrafTech International has a one year low of $1.18 and a one year high of $5.32. The stock has a market capitalization of $465.48 million, a P/E ratio of -1.66 and a beta of 1.05. The company has a 50 day moving average price of $1.59 and a two-hundred day moving average price of $1.96. The company has a debt-to-equity ratio of 24.74, a quick ratio of 1.81 and a current ratio of 3.73.

GrafTech International (NYSE:EAF) last announced its quarterly earnings data on Friday, April 26th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. GrafTech International had a negative return on equity of 66.36% and a negative net margin of 45.08%. The business had revenue of $136.80 million during the quarter, compared to the consensus estimate of $125.73 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts expect that GrafTech International will post -0.43 EPS 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.