Ferro Corp. (FOE) Stock Price Down 3.1%
Ferro Corp. (NYSE:FOE) traded down 3.1% on Wednesday . The company traded as low as $13.22 and last traded at $13.25, with a volume of 176,108 shares trading hands. The stock had previously closed at $13.68.
Several equities research analysts have weighed in on FOE shares. Zacks Investment Research raised Ferro Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Tuesday, July 12th. TheStreet raised Ferro Corp. from a “hold” rating to a “buy” rating in a report on Monday, August 8th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Ferro Corp. in a report on Tuesday, July 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.25.
The stock has a market capitalization of $1.11 billion and a PE ratio of 20.71. The stock has a 50-day moving average of $13.16 and a 200 day moving average of $12.67.
Ferro Corp. (NYSE:FOE) last issued its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. The firm earned $297.97 million during the quarter, compared to analyst estimates of $304 million. During the same quarter in the previous year, the business posted $0.20 EPS. Ferro Corp.’s revenue was up 11.1% compared to the same quarter last year. On average, equities analysts anticipate that Ferro Corp. will post $1.04 EPS for the current year.
Ferro Corporation (Ferro) produces performance materials for a range of manufacturers in diversified industries throughout the world. The Company uses inorganic and organic chemical processes, polymer science and materials science to develop and produce these performance materials. The Company’s segments include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.