JPMorgan Chase started coverage on shares of GrafTech (NYSE:EAF) in a research note published on Monday, Marketbeat.com reports. The firm issued an overweight rating and a $29.00 price objective on the stock.
Separately, Royal Bank of Canada initiated coverage on shares of GrafTech in a research report on Monday. They set an outperform rating and a $23.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, GrafTech has an average rating of Buy and an average price target of $25.25.
Shares of NYSE EAF opened at $19.06 on Monday. GrafTech has a 1 year low of $19.58 and a 1 year high of $19.83. The company has a debt-to-equity ratio of -5.15, a current ratio of 3.33 and a quick ratio of 2.26.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 31st will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Wednesday, May 30th.
In other GrafTech news, Director Gp Ltd Bcp sold 3,097,525 shares of the stock in a transaction that occurred on Thursday, April 26th. The shares were sold at an average price of $15.00, for a total transaction of $46,462,875.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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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