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

GrafTech International (NYSE:EAF) had its target price decreased by BMO Capital Markets from $1.20 to $1.00 in a research note published on Monday morning, Benzinga reports. BMO Capital Markets currently has 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 data from MarketBeat.com, GrafTech International has an average rating of Hold and a consensus target price of $1.75.

GrafTech International Trading Down 1.4 %

Shares of EAF stock opened at $0.77 on Monday. GrafTech International has a 12 month low of $0.69 and a 12 month high of $5.32. The company has a quick ratio of 1.91, a current ratio of 3.73 and a debt-to-equity ratio of 24.74. The business’s 50 day moving average is $1.17 and its two-hundred day moving average is $1.43. The company has a market cap of $197.71 million, a PE ratio of -0.71 and a beta of 0.92.

Insiders Place Their Bets

In related news, major shareholder Colonial House Capital Ltd acquired 163,250 shares of the business’s stock in a transaction on Monday, May 6th. The stock was bought at an average cost of $1.81 per share, with a total value of $295,482.50. Following the completion of the acquisition, the insider now owns 30,411,113 shares in the company, valued at $55,044,114.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have acquired 1,143,207 shares of company stock worth $2,013,368 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EAF. Sun Life Financial Inc. bought a new position in shares of GrafTech International in the fourth quarter valued at about $1,843,000. Invenomic Capital Management LP bought a new position in shares of GrafTech International in the fourth quarter valued at about $1,684,000. Allianz Asset Management GmbH raised its holdings in shares of GrafTech International by 37.0% in the fourth quarter. Allianz Asset Management GmbH now owns 704,494 shares of the company’s stock valued at $1,543,000 after buying an additional 190,225 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of GrafTech International by 1,425.0% in the fourth quarter. New York State Common Retirement Fund now owns 4,422,999 shares of the company’s stock valued at $9,686,000 after buying an additional 4,132,961 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of GrafTech International in the fourth quarter valued at about $160,000. 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.