GrafTech (EAF) Receives New Coverage from Analysts at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of GrafTech (NYSE:EAF) in a research report sent to investors on Monday, MarketBeat reports. The brokerage issued an outperform rating and a $23.00 price target on the stock.

GrafTech stock opened at $19.06 on Monday. GrafTech has a 12 month low of $19.58 and a 12 month high of $19.83. The company has a debt-to-equity ratio of -5.15, a quick ratio of 2.26 and a current ratio of 3.33.

GrafTech (NYSE:EAF) last posted its earnings results on Monday, May 7th. The company reported $0.73 EPS for the quarter. The firm had revenue of $451.90 million during the quarter. sell-side analysts anticipate that GrafTech will post 2.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors 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 related news, Director Gp Ltd Bcp sold 3,097,525 shares of the stock in a transaction that occurred on Thursday, April 26th. The stock was sold at an average price of $15.00, for a total transaction of $46,462,875.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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)

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