Weekly Investment Analysts’ Ratings Changes for Ferro (FOE)

A number of firms have modified their ratings and price targets on shares of Ferro (NYSE: FOE) recently:

  • 1/11/2018 – Ferro was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $27.00 price target on the stock. According to Zacks, “FERRO CORP. is a worldwide producer of specialty materials for industry by organic and inorganic chemistry. It operates in 21 countries worldwide. Ferro produces a variety of specialty coatings, colors, ceramics, plastics, chemicals, and related products and services. Ferro’s most important product is frit produced for use in porcelain enamels and ceramic glazes. Ferro specialty materials require a high degree of technical service on an individual customer basis. “
  • 1/10/2018 – Ferro was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FERRO CORP. is a worldwide producer of specialty materials for industry by organic and inorganic chemistry. It operates in 21 countries worldwide. Ferro produces a variety of specialty coatings, colors, ceramics, plastics, chemicals, and related products and services. Ferro’s most important product is frit produced for use in porcelain enamels and ceramic glazes. Ferro specialty materials require a high degree of technical service on an individual customer basis. “
  • 1/4/2018 – Ferro was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $27.00 price target on the stock. According to Zacks, “FERRO CORP. is a worldwide producer of specialty materials for industry by organic and inorganic chemistry. It operates in 21 countries worldwide. Ferro produces a variety of specialty coatings, colors, ceramics, plastics, chemicals, and related products and services. Ferro’s most important product is frit produced for use in porcelain enamels and ceramic glazes. Ferro specialty materials require a high degree of technical service on an individual customer basis. “
  • 1/3/2018 – Ferro was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FERRO CORP. is a worldwide producer of specialty materials for industry by organic and inorganic chemistry. It operates in 21 countries worldwide. Ferro produces a variety of specialty coatings, colors, ceramics, plastics, chemicals, and related products and services. Ferro’s most important product is frit produced for use in porcelain enamels and ceramic glazes. Ferro specialty materials require a high degree of technical service on an individual customer basis. “
  • 1/3/2018 – Ferro was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/27/2017 – Ferro was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “FERRO CORP. is a worldwide producer of specialty materials for industry by organic and inorganic chemistry. It operates in 21 countries worldwide. Ferro produces a variety of specialty coatings, colors, ceramics, plastics, chemicals, and related products and services. Ferro’s most important product is frit produced for use in porcelain enamels and ceramic glazes. Ferro specialty materials require a high degree of technical service on an individual customer basis. “
  • 12/26/2017 – Ferro was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FERRO CORP. is a worldwide producer of specialty materials for industry by organic and inorganic chemistry. It operates in 21 countries worldwide. Ferro produces a variety of specialty coatings, colors, ceramics, plastics, chemicals, and related products and services. Ferro’s most important product is frit produced for use in porcelain enamels and ceramic glazes. Ferro specialty materials require a high degree of technical service on an individual customer basis. “
  • 12/1/2017 – Ferro was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.

Shares of Ferro Co. (NYSE FOE) traded down $0.02 during mid-day trading on Friday, reaching $24.11. 444,100 shares of the company’s stock were exchanged, compared to its average volume of 453,438. The company has a quick ratio of 1.53, a current ratio of 2.48 and a debt-to-equity ratio of 1.94. Ferro Co. has a one year low of $13.55 and a one year high of $25.50. The stock has a market capitalization of $2,010.00, a P/E ratio of 46.37 and a beta of 1.94.

Ferro (NYSE:FOE) last issued its earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Ferro had a net margin of 3.44% and a return on equity of 35.77%. The company had revenue of $350.01 million for the quarter, compared to the consensus estimate of $332.28 million. During the same period in the previous year, the firm earned $0.27 earnings per share. Ferro’s quarterly revenue was up 21.3% compared to the same quarter last year. analysts anticipate that Ferro Co. will post 1.29 earnings per share for the current fiscal year.

In other news, CEO Peter T. Thomas sold 22,182 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $22.83, for a total value of $506,415.06. Following the sale, the chief executive officer now directly owns 374,158 shares of the company’s stock, valued at approximately $8,542,027.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Mark Hugo Duesenberg sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $24.76, for a total transaction of $420,920.00. Following the completion of the sale, the general counsel now directly owns 137,545 shares in the company, valued at $3,405,614.20. The disclosure for this sale can be found here. Insiders have sold 177,428 shares of company stock worth $4,192,872 over the last ninety days. 2.02% of the stock is owned by insiders.

Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color Solutions. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel.

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