Ferro Co. (NYSE:FOE) Receives $22.00 Consensus Target Price from Brokerages

Ferro Co. (NYSE:FOEGet Rating) has earned an average rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $22.00.

Several research analysts have issued reports on the company. StockNews.com assumed coverage on Ferro in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded Ferro from a “sell” rating to a “hold” rating in a report on Tuesday, February 1st.

Shares of NYSE FOE opened at $22.01 on Wednesday. Ferro has a 1 year low of $16.63 and a 1 year high of $22.10. The firm has a 50-day simple moving average of $21.76 and a two-hundred day simple moving average of $21.60. The company has a market cap of $1.82 billion, a P/E ratio of 12.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.77 and a quick ratio of 0.91.

Ferro (NYSE:FOEGet Rating) last announced its earnings results on Tuesday, March 1st. The specialty chemicals company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Ferro had a return on equity of 20.52% and a net margin of 13.22%. The business had revenue of $266.35 million during the quarter, compared to analyst estimates of $277.12 million. As a group, equities research analysts expect that Ferro will post 1.35 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in FOE. K2 Principal Fund L.P. bought a new position in Ferro in the third quarter worth approximately $2,123,000. Wellington Management Group LLP raised its stake in Ferro by 0.6% in the third quarter. Wellington Management Group LLP now owns 665,980 shares of the specialty chemicals company’s stock worth $13,547,000 after buying an additional 4,222 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in Ferro by 325.3% in the fourth quarter. Qube Research & Technologies Ltd now owns 443,630 shares of the specialty chemicals company’s stock worth $9,684,000 after buying an additional 339,322 shares in the last quarter. Wilen Investment Management CORP. raised its stake in Ferro by 36.3% in the third quarter. Wilen Investment Management CORP. now owns 154,868 shares of the specialty chemicals company’s stock worth $3,136,000 after buying an additional 41,272 shares in the last quarter. Finally, Alpine Associates Management Inc. raised its stake in Ferro by 2.6% in the fourth quarter. Alpine Associates Management Inc. now owns 2,335,200 shares of the specialty chemicals company’s stock worth $50,977,000 after buying an additional 59,800 shares in the last quarter. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Ferro Company Profile (Get Rating)

Ferro Corporation produces and markets specialty materials in Europe, the Middle East, Africa, the Asia Pacific, and the Americas region. The company operates through two segments, Functional Coatings and Color Solutions. It offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.

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Analyst Recommendations for Ferro (NYSE:FOE)

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