GrafTech International (NYSE:EAF) Given New $0.80 Price Target at UBS Group

GrafTech International (NYSE:EAF) had its target price reduced by UBS Group from $1.50 to $0.80 in a research note issued to investors on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

EAF has been the topic of a number of other research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2.00 target price on shares of GrafTech International in a report on Monday, February 10th. BMO Capital Markets reduced their target price on GrafTech International from $2.00 to $1.50 and set a “market perform” rating on the stock in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1.63.

GrafTech International Price Performance

Shares of GrafTech International stock opened at $0.85 on Tuesday. GrafTech International has a twelve month low of $0.52 and a twelve month high of $2.53. The stock has a market capitalization of $218.70 million, a P/E ratio of -1.66 and a beta of 1.28. The company has a current ratio of 4.55, a quick ratio of 1.98 and a debt-to-equity ratio of 57.38. The business’s fifty day moving average price is $0.80 and its 200 day moving average price is $1.38.

GrafTech International (NYSE:EAF) last issued its earnings results on Friday, April 25th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. GrafTech International had a negative return on equity of 709.85% and a negative net margin of 24.34%. The firm had revenue of $111.84 million for the quarter, compared to analysts’ expectations of $122.33 million. During the same quarter last year, the firm earned ($0.10) earnings per share. As a group, research analysts anticipate that GrafTech International will post -0.57 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Rory F. O’donnell acquired 50,000 shares of GrafTech International stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $1.04 per share, for a total transaction of $52,000.00. Following the completion of the purchase, the chief financial officer now directly owns 100,000 shares in the company, valued at $104,000. This trade represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 100,326 shares of company stock worth $91,359 over the last quarter. 0.72% of the stock is owned by corporate insiders.

Institutional Trading of GrafTech International

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Yacktman Asset Management LP increased its position in shares of GrafTech International by 0.6% during the first quarter. Yacktman Asset Management LP now owns 10,698,696 shares of the company’s stock worth $9,355,000 after acquiring an additional 59,216 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of GrafTech International by 24.6% during the fourth quarter. Ameriprise Financial Inc. now owns 5,981,468 shares of the company’s stock worth $10,348,000 after acquiring an additional 1,182,040 shares during the last quarter. Geode Capital Management LLC increased its position in shares of GrafTech International by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 5,101,098 shares of the company’s stock worth $8,827,000 after acquiring an additional 48,038 shares during the last quarter. Franklin Resources Inc. increased its position in shares of GrafTech International by 3.0% during the fourth quarter. Franklin Resources Inc. now owns 4,672,876 shares of the company’s stock worth $8,084,000 after acquiring an additional 136,644 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of GrafTech International by 34.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,619,905 shares of the company’s stock worth $4,040,000 after acquiring an additional 1,179,988 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 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.