GrafTech International Ltd. (NYSE:EAF) Receives Consensus Recommendation of “Reduce” from Brokerages

GrafTech International Ltd. (NYSE:EAF) has received a consensus rating of “Reduce” from the five brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $1.75.

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

Insider Buying and Selling

In other GrafTech International news, major shareholder Colonial House Capital Ltd acquired 332,770 shares of GrafTech International stock in a transaction on Friday, May 17th. The stock was purchased at an average price of $1.72 per share, for a total transaction of $572,364.40. Following the purchase, the insider now directly owns 31,358,061 shares of the company’s stock, valued at $53,935,864.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Institutional Trading of GrafTech International

Several hedge funds have recently added to or reduced their stakes in EAF. CWM LLC increased its stake in shares of GrafTech International by 211.9% during the 4th quarter. CWM LLC now owns 14,000 shares of the company’s stock worth $31,000 after purchasing an additional 9,511 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in GrafTech International by 58.4% during the first quarter. Public Employees Retirement System of Ohio now owns 25,535 shares of the company’s stock valued at $35,000 after purchasing an additional 9,416 shares during the period. Terril Brothers Inc. purchased a new stake in GrafTech International in the fourth quarter worth $44,000. Welch Group LLC raised its stake in shares of GrafTech International by 71.2% in the first quarter. Welch Group LLC now owns 34,243 shares of the company’s stock valued at $47,000 after buying an additional 14,243 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of GrafTech International in the fourth quarter valued at $49,000. Institutional investors own 92.83% of the company’s stock.

GrafTech International Stock Up 3.4 %

Shares of NYSE:EAF opened at $0.67 on Friday. The business’s 50 day moving average is $0.95 and its 200 day moving average is $1.36. GrafTech International has a 12-month low of $0.52 and a 12-month high of $4.37. The stock has a market cap of $172.02 million, a price-to-earnings ratio of -0.61 and a beta of 0.92. The company has a quick ratio of 1.91, a current ratio of 4.22 and a debt-to-equity ratio of 57.38.

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.