GrafTech International Ltd. (NYSE:EAF) Stock Has Average Target Price of $10.67

Key Points

• Analysts are broadly cautious on GrafTech International: six brokerages give the stock an average rating of “Reduce,” with two sells and four holds. The average 12-month price target is $10.67, below its reported opening price of $11.12.
• GrafTech reported a quarterly loss of $1.47 per share, narrowly missing the $1.46 consensus estimate, while revenue of $127.36 million exceeded expectations. Analysts project a full-year loss of $6.45 per share.
• The stock recently traded up 5.2%, but remains highly volatile, with a 12-month range of $4.92 to $20.32 and a beta of 1.85. Institutional investors own approximately 92.83% of the company.

Shares of GrafTech International Ltd. (NYSE:EAF - Get Free Report) have been assigned an average rating of "Reduce" from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.67.

A number of research analysts have recently weighed in on EAF shares. Zacks Research raised GrafTech International from a "strong sell" rating to a "hold" rating in a report on Monday, September 14th. Wall Street Zen lowered GrafTech International from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of GrafTech International from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday.

GrafTech International Trading Up 5.2%

Shares of GrafTech International stock opened at $11.12 on Friday. The firm's 50 day simple moving average is $7.47 and its two-hundred day simple moving average is $7.58. The firm has a market capitalization of $290.04 million, a price-to-earnings ratio of -1.63 and a beta of 1.85. GrafTech International has a 12-month low of $4.92 and a 12-month high of $20.32.

GrafTech International (NYSE:EAF - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The company reported ($1.47) EPS for the quarter, missing the consensus estimate of ($1.46) by ($0.01). The firm had revenue of $127.36 million for the quarter, compared to analyst estimates of $125.02 million. On average, sell-side analysts predict that GrafTech International will post -6.45 EPS for the current fiscal year.

Institutional Trading of GrafTech International

Several large investors have recently made changes to their positions in EAF. Jefferies Financial Group Inc. acquired a new stake in shares of GrafTech International in the fourth quarter worth $157,000. 9823 Capital L.P. acquired a new position in GrafTech International during the fourth quarter valued at $177,000. Ramsey Quantitative Systems acquired a new position in GrafTech International during the second quarter valued at $69,000. AEGON USA Investment Management LLC purchased a new stake in GrafTech International in the first quarter valued at $102,000. Finally, Krilogy Financial LLC boosted its holdings in GrafTech International by 42.9% in the first quarter. Krilogy Financial LLC now owns 20,000 shares of the company's stock valued at $136,000 after purchasing an additional 6,000 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

GrafTech International Company Profile

GrafTech International Inc is a manufacturer of graphite electrodes and related carbon-based products used primarily in electric arc furnaces (EAFs) for steel production. Its electrodes conduct electricity at extremely high temperatures, enabling the melting of steel scrap and other metallic materials. The company also produces petroleum needle coke, a specialized raw material used in the manufacture of graphite electrodes.

GrafTech serves steel producers and industrial customers in North America, Europe, Asia, and other international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.