GrafTech International Ltd. (NYSE:EAF) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• GrafTech International Ltd. has received an average consensus rating of "Hold" from six analysts, with a 12-month price objective averaging $1.6250.
• The company's stock is set to undergo a 1-10 reverse split effective August 29th, which will adjust shareholders' holdings accordingly.
• GrafTech reported a loss of ($0.16) EPS for the last quarter, falling short of the consensus estimate, although its revenue slightly exceeded expectations at $131.84 million.

GrafTech International Ltd. (NYSE:EAF - Get Free Report) has earned a consensus rating of "Hold" from the six research firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $1.6250.

A number of equities research analysts have weighed in on the company. UBS Group decreased their price objective on GrafTech International from $1.50 to $0.80 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. BMO Capital Markets lifted their price objective on GrafTech International from $1.00 to $1.50 and gave the company a "market perform" rating in a report on Tuesday, July 29th. Finally, Zacks Research downgraded GrafTech International from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Trading LLC acquired a new position in shares of GrafTech International in the 4th quarter worth approximately $32,000. Two Sigma Advisers LP acquired a new position in GrafTech International during the 4th quarter worth $33,000. Ethic Inc. lifted its holdings in GrafTech International by 89.0% during the 4th quarter. Ethic Inc. now owns 21,889 shares of the company's stock worth $38,000 after buying an additional 10,307 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in GrafTech International by 42.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 27,531 shares of the company's stock worth $27,000 after buying an additional 8,188 shares in the last quarter. Finally, Beaconlight Capital LLC acquired a new position in GrafTech International during the 4th quarter worth $57,000. 92.83% of the stock is owned by institutional investors and hedge funds.

GrafTech International Trading Up 1.0%

EAF stock traded up $0.01 during trading on Friday, reaching $1.01. 327,006 shares of the stock were exchanged, compared to its average volume of 2,872,160. GrafTech International has a twelve month low of $0.55 and a twelve month high of $2.53. The company has a market capitalization of $259.44 million, a P/E ratio of -1.23 and a beta of 1.63. The stock has a 50 day simple moving average of $1.17 and a 200-day simple moving average of $1.02.

Shares of GrafTech International are set to reverse split on the morning of Friday, August 29th. The 1-10 reverse split was announced on Monday, August 18th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, August 28th.

GrafTech International (NYSE:EAF - Get Free Report) last released its earnings results on Friday, July 25th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.04). The company had revenue of $131.84 million during the quarter, compared to analyst estimates of $130.44 million. Equities analysts predict that GrafTech International will post -0.57 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.