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

Shares of GrafTech International Ltd. (NYSE:EAF - Get Free Report) have been assigned a consensus rating of "Hold" from the five analysts that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $1.88.

A number of brokerages have commented on EAF. Citigroup reduced their target price on GrafTech International from $4.00 to $2.00 and set a "neutral" rating for the company in a report on Wednesday, January 10th. BMO Capital Markets dropped their price target on GrafTech International from $2.00 to $1.50 and set a "market perform" rating for the company in a research report on Thursday, February 15th. UBS Group started coverage on GrafTech International in a research report on Tuesday, January 16th. They issued a "neutral" rating and a $2.00 price target for the company. Finally, Royal Bank of Canada dropped their price target on GrafTech International from $3.00 to $2.00 and set a "sector perform" rating for the company in a research report on Friday, February 16th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new position in shares of GrafTech International during the first quarter worth $29,000. Tower Research Capital LLC TRC boosted its position in shares of GrafTech International by 101.5% during the first quarter. Tower Research Capital LLC TRC now owns 5,339 shares of the company's stock worth $26,000 after buying an additional 2,690 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of GrafTech International during the first quarter worth $60,000. PNC Financial Services Group Inc. boosted its position in shares of GrafTech International by 855.9% during the first quarter. PNC Financial Services Group Inc. now owns 8,116 shares of the company's stock worth $79,000 after buying an additional 7,267 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of GrafTech International during the first quarter worth $98,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

GrafTech International Price Performance

Shares of GrafTech International stock traded up $0.09 during mid-day trading on Friday, reaching $1.51. 3,224,616 shares of the stock traded hands, compared to its average volume of 2,801,702. The business has a 50-day moving average of $1.48 and a 200 day moving average of $2.26. GrafTech International has a fifty-two week low of $1.18 and a fifty-two week high of $5.32. The stock has a market capitalization of $388.31 million, a PE ratio of -1.51 and a beta of 1.14. The company has a quick ratio of 1.81, a current ratio of 3.54 and a debt-to-equity ratio of 11.90.

GrafTech International (NYSE:EAF - Get Free Report) last announced its earnings results on Wednesday, February 14th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.13). GrafTech International had a negative net margin of 41.14% and a negative return on equity of 39.57%. The firm had revenue of $137.10 million for the quarter, compared to analyst estimates of $141.20 million. During the same period in the previous year, the company earned $0.17 EPS. GrafTech International's revenue was down 44.6% compared to the same quarter last year. On average, analysts predict that GrafTech International will post -0.49 EPS for the current year.

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.