GrafTech International (NYSE:EAF) Price Target Cut to $1.00 by Analysts at BMO Capital Markets

GrafTech International (NYSE:EAF) had its target price cut by BMO Capital Markets from $1.20 to $1.00 in a report issued on Monday morning, Benzinga reports. They currently have a market perform rating on the stock.

Separately, JPMorgan Chase & Co. downgraded shares of GrafTech International from a neutral rating to an underweight rating in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $1.75.

GrafTech International Stock Performance

GrafTech International stock opened at $0.70 on Monday. GrafTech International has a fifty-two week low of $0.69 and a fifty-two week high of $5.26. The firm’s fifty day moving average price is $1.14 and its 200-day moving average price is $1.43. The stock has a market cap of $180.79 million, a P/E ratio of -0.64 and a beta of 0.92. The company has a debt-to-equity ratio of 57.38, a quick ratio of 1.91 and a current ratio of 4.22.

Insider Activity

In other GrafTech International news, major shareholder Colonial House Capital Ltd bought 114,178 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average price of $1.77 per share, with a total value of $202,095.06. Following the purchase, the insider now owns 30,525,291 shares of the company’s stock, valued at $54,029,765.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 610,198 shares of company stock worth $1,069,942 in the last three months. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On GrafTech International

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of GrafTech International in the fourth quarter worth approximately $59,000. Oak Thistle LLC purchased a new stake in GrafTech International in the fourth quarter worth $48,000. Cerity Partners LLC bought a new stake in shares of GrafTech International during the fourth quarter worth $1,954,000. ZWJ Investment Counsel Inc. boosted its stake in shares of GrafTech International by 7.1% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 858,626 shares of the company’s stock valued at $1,880,000 after purchasing an additional 56,925 shares during the period. Finally, CWM LLC grew its holdings in shares of GrafTech International by 211.9% in the fourth quarter. CWM LLC now owns 14,000 shares of the company’s stock worth $31,000 after purchasing an additional 9,511 shares during the last quarter. 92.83% of the stock is owned by institutional investors.

About GrafTech International

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