Ferro Corporation (FOE) Given Consensus Recommendation of “Buy” by Analysts

Ferro Corporation (NYSE:FOE) has been given an average recommendation of “Buy” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $23.60.

FOE has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Ferro Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, August 18th. KeyCorp reiterated a “buy” rating and set a $23.00 target price on shares of Ferro Corporation in a research report on Friday, September 1st. Deutsche Bank AG reiterated a “buy” rating and set a $22.00 target price (up previously from $20.00) on shares of Ferro Corporation in a research report on Monday, July 31st. Finally, BidaskClub downgraded shares of Ferro Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

COPYRIGHT VIOLATION WARNING: “Ferro Corporation (FOE) Given Consensus Recommendation of “Buy” by Analysts” was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.com-unik.info/2017/11/02/ferro-corporation-foe-given-consensus-recommendation-of-buy-by-analysts.html.

A number of institutional investors and hedge funds have recently bought and sold shares of FOE. UBS Asset Management Americas Inc. grew its position in Ferro Corporation by 50.7% during the first quarter. UBS Asset Management Americas Inc. now owns 23,497 shares of the specialty chemicals company’s stock valued at $357,000 after buying an additional 7,900 shares during the period. Parametric Portfolio Associates LLC grew its position in Ferro Corporation by 6.1% during the first quarter. Parametric Portfolio Associates LLC now owns 104,464 shares of the specialty chemicals company’s stock valued at $1,587,000 after buying an additional 5,996 shares during the period. Vanguard Group Inc. grew its position in Ferro Corporation by 5.1% during the first quarter. Vanguard Group Inc. now owns 6,703,134 shares of the specialty chemicals company’s stock valued at $101,821,000 after buying an additional 324,188 shares during the period. Geode Capital Management LLC grew its position in Ferro Corporation by 6.5% during the first quarter. Geode Capital Management LLC now owns 641,105 shares of the specialty chemicals company’s stock valued at $9,738,000 after buying an additional 38,990 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Ferro Corporation by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,332,686 shares of the specialty chemicals company’s stock valued at $50,622,000 after buying an additional 42,094 shares during the period. Institutional investors own 96.66% of the company’s stock.

Ferro Corporation (NYSE:FOE) last released its earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Ferro Corporation had a net margin of 1.06% and a return on equity of 35.05%. The company had revenue of $350.01 million for the quarter, compared to the consensus estimate of $332.28 million. During the same quarter in the previous year, the company earned $0.27 EPS. Ferro Corporation’s quarterly revenue was up 21.3% compared to the same quarter last year.

Ferro Corporation Company Profile

Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel. Its manufacturers make products for various end-use markets.

What are top analysts saying about Ferro Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ferro Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit