Ferro Corporation (NYSE: FOE) recently received a number of ratings updates from brokerages and research firms:

  • 8/3/2017 – Ferro Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/31/2017 – Ferro Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $22.00 price target on the stock, up previously from $20.00.
  • 7/31/2017 – Ferro Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $21.00 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. “
  • 7/24/2017 – Ferro Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/12/2017 – Ferro Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” 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. “
  • 7/12/2017 – Ferro Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/28/2017 – Ferro Corporation 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. “
  • 6/16/2017 – Ferro Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of Ferro Corporation (FOE) opened at 19.20 on Wednesday. The company has a market cap of $1.61 billion, a PE ratio of 136.17 and a beta of 2.02. Ferro Corporation has a 52-week low of $12.35 and a 52-week high of $20.34. The company’s 50-day moving average is $18.53 and its 200 day moving average is $16.34.

Ferro Corporation (NYSE:FOE) last issued its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. The firm had revenue of $348.60 million during the quarter, compared to the consensus estimate of $336.14 million. Ferro Corporation had a return on equity of 35.05% and a net margin of 1.06%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the company posted $0.34 EPS. On average, analysts anticipate that Ferro Corporation will post $1.27 EPS for the current year.

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.

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