Zacks Upgrades FutureFuel Corp. to “Neutral” (FF)
FutureFuel Corp. (NYSE:FF) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Friday, Analyst Ratings Net reports. The firm currently has a $16.80 price objective on the stock. Zacks‘ target price suggests a potential upside of 2.69% from the stock’s previous close.
Separately, analysts at Wedbush reiterated an “outperform” rating on shares of FutureFuel Corp. in a research note to investors on Monday, November 18th. They now have a $19.00 price target on the stock, down previously from $20.00.
Shares of FutureFuel Corp. (NYSE:FF) traded up 0.73% during mid-day trading on Friday, hitting $16.48. 50,697 shares of the company’s stock traded hands. FutureFuel Corp. has a 1-year low of $11.69 and a 1-year high of $19.09. The stock has a 50-day moving average of $15.78 and a 200-day moving average of $16.56. The company has a market cap of $714.3 million and a P/E ratio of 13.04.
FutureFuel Corp. (NYSE:FF) last announced its earnings results on Thursday, November 7th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.03. The company had revenue of $121.30 million for the quarter, compared to the consensus estimate of $100.40 million. During the same quarter last year, the company posted $0.30 earnings per share. FutureFuel Corp.’s revenue was up 37.4% compared to the same quarter last year. Analysts expect that FutureFuel Corp. will post $1.32 EPS for the current fiscal year.
FutureFuel Corp. is engaged in the chemical and biofuels business. The Company operates in two segments: chemicals and biofuels.
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