GrafTech (EAF) Now Covered by Credit Suisse Group
Credit Suisse Group began coverage on shares of GrafTech (NYSE:EAF) in a research report report published on Monday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $24.00 price target on the stock.
A number of other equities research analysts have also recently commented on the company. JPMorgan Chase began coverage on GrafTech in a research note on Monday. They set an overweight rating and a $29.00 target price on the stock. Royal Bank of Canada began coverage on GrafTech in a research note on Monday. They issued an outperform rating and a $23.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average target price of $25.25.
GrafTech opened at $19.06 on Monday, according to Marketbeat Ratings. GrafTech has a one year low of $19.58 and a one year high of $19.83. The company has a quick ratio of 2.26, a current ratio of 3.33 and a debt-to-equity ratio of -5.15.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, May 31st will be paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, May 30th.
In related news, Director Gp Ltd Bcp sold 3,097,525 shares of the business’s stock in a transaction dated Thursday, April 26th. The stock was sold at an average price of $15.00, for a total value of $46,462,875.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.
GrafTech Company Profile
GrafTech International Ltd. researches, develops, manufactures, and sells synthetic and natural graphite and carbon based products worldwide. It offers graphite electrodes, which are components of the conductive power systems used to produce steel and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.
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