GrafTech (EAF) Now Covered by Credit Suisse Group

Credit Suisse Group assumed coverage on shares of GrafTech (NYSE:EAF) in a research report released on Monday, Marketbeat reports. The firm issued an outperform rating and a $24.00 price objective on the stock.

A number of other research analysts have also weighed in on EAF. Royal Bank of Canada started coverage on GrafTech in a report on Monday. They set an outperform rating and a $23.00 target price for the company. JPMorgan Chase started coverage on GrafTech in a report on Monday. They set an overweight rating and a $29.00 target price for the company. Five research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average target price of $25.25.

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Shares of GrafTech opened at $19.06 on Monday, Marketbeat reports. GrafTech has a 52-week low of $19.58 and a 52-week 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.

GrafTech (NYSE:EAF) last announced its quarterly earnings data on Monday, May 7th. The company reported $0.73 earnings per share (EPS) for the quarter. The firm had revenue of $451.90 million during the quarter. equities research analysts predict that GrafTech will post 2.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 31st will be issued 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 GrafTech stock in a transaction dated Thursday, April 26th. The stock was sold at an average price of $15.00, for a total transaction of $46,462,875.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

About GrafTech

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.

Analyst Recommendations for GrafTech (NYSE:EAF)