GrafTech International Ltd. (NYSE:EAF) Receives Average Rating of "Hold" from Analysts

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.

Shares of GrafTech International Ltd. (NYSE:EAF - Get Free Report) have earned a consensus rating of "Hold" from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating. The average 12-month price objective among brokers that have covered the stock in the last year is $1.6250.

Several analysts recently commented on the company. Zacks Research lowered GrafTech International from a "strong-buy" rating to a "hold" rating in a report on Thursday. UBS Group cut their price objective on GrafTech International from $1.50 to $0.80 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, BMO Capital Markets lifted their target price on GrafTech International from $1.00 to $1.50 and gave the company a "market perform" rating in a research report on Tuesday, July 29th.

GrafTech International Price Performance

Shares of EAF opened at $0.9850 on Friday. GrafTech International has a one year low of $0.55 and a one year high of $2.53. The firm has a market capitalization of $254.28 million, a P/E ratio of -1.20 and a beta of 1.63. The business has a fifty day moving average of $1.18 and a 200 day moving average of $1.03.

GrafTech International's stock is going to reverse split on 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 issued its quarterly earnings data on Friday, July 25th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.04). The company had revenue of $131.84 million during the quarter, compared to the consensus estimate of $130.44 million. Analysts expect that GrafTech International will post -0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On GrafTech International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wolverine Trading LLC purchased a new position in GrafTech International during the fourth quarter valued at $32,000. Two Sigma Advisers LP purchased a new position in GrafTech International during the fourth quarter valued at $33,000. Ethic Inc. lifted its position in GrafTech International by 89.0% during the fourth quarter. Ethic Inc. now owns 21,889 shares of the company's stock valued at $38,000 after purchasing an additional 10,307 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in GrafTech International by 42.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,531 shares of the company's stock valued at $27,000 after purchasing an additional 8,188 shares in the last quarter. Finally, Beaconlight Capital LLC purchased a new position in GrafTech International during the fourth quarter valued at $57,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.