Ferro Corp. Reaches New 12-Month High at $9.27 (FOE)
Ferro Corp. (NYSE:FOE) set a new 52-week high during mid-day trading on Thursday, ARN reports. The stock traded as high as $9.27 and last traded at $9.27, with a volume of 778,130 shares. The stock had previously closed at $8.95.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Ferro Corp. (NYSE:FOE) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, August 2nd. They now have a $7.40 price target on the stock. Analysts at Deutsche Bank upgraded shares of Ferro Corp. (NYSE:FOE) from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 2nd. They now have a GBX 8 ($0.13) price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $5.73.
Ferro Corp. has a 52 week low of $2.38 and a 52 week high of $9.31. The stock’s 50-day moving average is $7.91 and its 200-day moving average is $7.13. The company’s market cap is $804.5 million.
Ferro Corp. (NYSE:FOE) last announced its earnings results on Wednesday, July 31st. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.13. The company had revenue of $435.46 million for the quarter, compared to the consensus estimate of $444.44 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts expect that Ferro Corp. will post $0.39 EPS for the current fiscal year.
Ferro Corporation (NYSE:FOE) is a producer of specialty materials and chemicals that are sold to a range of manufacturers who, in turn, make products for many end-use markets.
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