GrafTech International (NYSE:EAF) Given New $6.00 Price Target at BMO Capital Markets

GrafTech International (NYSE:EAFGet Rating) had its target price raised by BMO Capital Markets from $5.00 to $6.00 in a research note released on Monday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

Other research analysts have also recently issued research reports about the company. Citigroup cut their price objective on GrafTech International from $10.00 to $7.50 in a research report on Tuesday, August 9th. Royal Bank of Canada decreased their price objective on GrafTech International from $7.00 to $4.00 and set a sector perform rating on the stock in a research note on Tuesday, November 8th. Finally, Credit Suisse Group decreased their price objective on GrafTech International from $16.00 to $13.00 and set an outperform rating on the stock in a research note on Tuesday, August 9th.

GrafTech International Stock Performance

Shares of EAF opened at $5.49 on Monday. The company has a quick ratio of 1.45, a current ratio of 3.21 and a debt-to-equity ratio of 3.44. GrafTech International has a 52-week low of $4.07 and a 52-week high of $12.91. The stock has a 50 day moving average price of $4.72 and a 200 day moving average price of $6.43. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 3.03 and a beta of 1.25.

GrafTech International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.73%. GrafTech International’s dividend payout ratio (DPR) is 2.21%.

Hedge Funds Weigh In On GrafTech International

A number of large investors have recently modified their holdings of EAF. Teacher Retirement System of Texas raised its holdings in shares of GrafTech International by 10.5% in the 1st 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. Duality Advisers LP purchased a new stake in shares of GrafTech International during the 1st quarter valued at about $1,882,000. Swiss National Bank raised its holdings in shares of GrafTech International by 5.7% during the 1st quarter. Swiss National Bank now owns 404,600 shares of the company’s stock valued at $3,892,000 after buying an additional 21,800 shares during the period. Principal Financial Group Inc. raised its holdings in shares of GrafTech International by 5.8% during the 1st quarter. Principal Financial Group Inc. now owns 34,094 shares of the company’s stock valued at $328,000 after buying an additional 1,880 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of GrafTech International during the 1st quarter valued at about $128,000. 87.04% of the stock is currently owned by hedge funds and other 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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