GrafTech International (NYSE:EAF) Price Target Lowered to $7.00 at BMO Capital Markets

GrafTech International (NYSE:EAFGet Rating) had its price objective decreased by BMO Capital Markets from $9.00 to $7.00 in a research report report published on Monday, The Fly reports.

Other analysts have also recently issued research reports about the company. Citigroup reduced their price target on GrafTech International from $10.00 to $7.50 in a research report on Tuesday, August 9th. Credit Suisse Group reduced their price target on GrafTech International from $16.00 to $13.00 and set an outperform rating for the company in a research report on Tuesday, August 9th. Finally, Royal Bank of Canada cut GrafTech International from an outperform rating to a sector perform rating and reduced their price target for the stock from $10.00 to $7.00 in a research report on Wednesday, July 13th.

GrafTech International Stock Performance

Shares of GrafTech International stock opened at $4.85 on Monday. The stock has a market cap of $1.26 billion, a PE ratio of 2.55 and a beta of 1.11. The business has a fifty day simple moving average of $6.62 and a 200-day simple moving average of $8.07. The company has a quick ratio of 1.29, a current ratio of 2.73 and a debt-to-equity ratio of 4.77. GrafTech International has a 12 month low of $4.74 and a 12 month high of $13.38.

GrafTech International (NYSE:EAFGet Rating) last released its quarterly earnings data on Friday, August 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $363.60 million during the quarter, compared to analysts’ expectations of $370.67 million. GrafTech International had a return on equity of 807.51% and a net margin of 34.75%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share. On average, sell-side analysts anticipate that GrafTech International will post 1.68 EPS for the current fiscal year.

GrafTech International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be paid a $0.01 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.82%. GrafTech International’s payout ratio is presently 2.11%.

Hedge Funds Weigh In On GrafTech International

Institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas increased its stake in shares of GrafTech International by 10.5% in the first quarter. Teacher Retirement System of Texas now owns 847,943 shares of the company’s stock worth $8,157,000 after purchasing an additional 80,774 shares during the period. Barclays PLC lifted its holdings in GrafTech International by 92.5% during the 4th quarter. Barclays PLC now owns 261,566 shares of the company’s stock worth $3,094,000 after buying an additional 125,656 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in GrafTech International during the 1st quarter worth $874,000. Virginia Retirement Systems ET AL lifted its holdings in GrafTech International by 179.4% during the 1st quarter. Virginia Retirement Systems ET AL now owns 80,200 shares of the company’s stock worth $772,000 after buying an additional 51,500 shares in the last quarter. Finally, Cambiar Investors LLC lifted its holdings in GrafTech International by 3.0% during the 1st quarter. Cambiar Investors LLC now owns 1,487,869 shares of the company’s stock worth $14,313,000 after buying an additional 42,690 shares in the last quarter. 87.04% of the stock is currently owned by institutional investors.

About GrafTech International

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GrafTech International Ltd. research, develops, manufactures, and sells graphite and carbon-based solutions worldwide. It 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.

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