Brokerages Set GrafTech International Ltd. (NYSE:EAF) Target Price at $1.75

Shares of GrafTech International Ltd. (NYSE:EAF) have been assigned a consensus recommendation of “Reduce” from the five research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $1.75.

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

Institutional Investors Weigh In On GrafTech International

A number of institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC increased its stake 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in GrafTech International by 24.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,521,068 shares of the company’s stock valued at $12,091,000 after buying an additional 1,095,959 shares in the last quarter. Sun Life Financial Inc. purchased a new stake in GrafTech International in the 4th quarter valued at about $1,843,000. Invenomic Capital Management LP bought a new position in GrafTech International in the 4th quarter worth about $1,684,000. Finally, Jump Financial LLC increased its position in shares of GrafTech International by 2,209.4% during the fourth quarter. Jump Financial LLC now owns 431,312 shares of the company’s stock worth $945,000 after acquiring an additional 412,636 shares during the period. 92.83% of the stock is owned by institutional investors.

GrafTech International Price Performance

NYSE:EAF opened at $0.77 on Wednesday. The business’s 50-day moving average is $0.80 and its 200 day moving average is $1.28. GrafTech International has a 12 month low of $0.52 and a 12 month high of $3.97. The company has a market capitalization of $198.92 million, a P/E ratio of -0.71 and a beta of 0.94. 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 (NYSE:EAF) last announced its earnings results on Friday, July 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. The firm had revenue of $137.33 million for the quarter, compared to analysts’ expectations of $122.48 million. GrafTech International had a negative net margin of 50.11% and a negative return on equity of 121.77%. On average, equities research analysts forecast that GrafTech International will post -0.43 earnings per share for the current fiscal 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.