In yesterday’s Wall Street session, GrafTech International Ltd. (NYSE:EAF) shares traded at $4.17, down -7.95% from the previous session.
4 analysts cover GrafTech International Ltd. (NYSE:EAF), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $5.00, we find $5.00. Given the previous closing price of $4.53, this indicates a potential upside of 10.38 percent. EAF stock price is now -9.17% away from the 50-day moving average and -15.67% away from the 200-day moving average. The market capitalization of the company currently stands at $1.08B.
The stock has received a hold rating from 4 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $5.00 as their price target over the next twelve months.
With the price target reduced from $10 to $7, RBC Capital Mkts Downgraded its rating from Outperform to Sector Perform for GrafTech International Ltd. (NYSE: EAF).
Insiders disposed of 10,141 shares of company stock worth roughly $42287.97 over the past 1 year. A total of 0.15% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EAF stock. A new stake in GrafTech International Ltd. shares was purchased by MACQUARIE GROUP LTD during the first quarter worth $3,707,000. CLARK ESTATES INC/NY invested $2,258,000 in shares of EAF during the first quarter. In the first quarter, CERITY PARTNERS LLC acquired a new stake in GrafTech International Ltd. valued at approximately $1,922,000. POTRERO CAPITAL RESEARCH LLC acquired a new stake in EAF for approximately $1,578,000. HODGES CAPITAL MANAGEMENT INC. purchased a new stake in EAF valued at around $1,179,000 in the second quarter. In total, there are 303 active investors with 96.90% ownership of the company’s stock.
On Monday morning GrafTech International Ltd. (NYSE: EAF) stock kicked off with the opening price of $4.5000. During the past 12 months, GrafTech International Ltd. has had a low of $3.75 and a high of $7.87. As of last week, the company has a debt-to-equity ratio of 2.79, a current ratio of 3.80, and a quick ratio of 1.50. The fifty day moving average price for EAF is $4.5834 and a two-hundred day moving average price translates $4.9424 for the stock.
The latest earnings results from GrafTech International Ltd. (NYSE: EAF) was released for Mar, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.02, inline with analysts’ expectations of -$0.02. This compares to $0.47 EPS in the same period last year. The net profit margin was 23.90% and return on equity was 88.60% for EAF. The company reported revenue of $138.8 million for the quarter, compared to $366.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -62.1 percent. For the current quarter, analysts expect EAF to generate $177.33M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 05/31/2023 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 0.96% percent yield. There was an ex-dividend date of 05/30/2023 for this dividend. In terms of dividend payout ratio, EAF is presently at 4.10%.
GrafTech International Ltd.(EAF) Company Profile
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. It sells its products primarily through direct sales force, independent sales representatives, and distributors. The company was founded in 1886 and is headquartered in Brooklyn Heights, Ohio.
