Ferro Corp. PT Raised to $15.00 (FOE)
Analysts at Deutsche Bank boosted their price target on shares of Ferro Corp. (NYSE:FOE) from $14.00 to $15.00 in a research report issued to clients and investors on Wednesday, Stock Ratings Network.com reports. Deutsche Bank’s target price would indicate a potential upside of 13.55% from the stock’s previous close.
Shares of Ferro Corp. (NYSE:FOE) traded down 0.91% on Wednesday, hitting $13.09. 1,530,029 shares of the company’s stock traded hands. Ferro Corp. has a 52-week low of $5.07 and a 52-week high of $14.17. The stock has a 50-day moving average of $13.00 and a 200-day moving average of $11.31. The company’s market cap is $1.134 billion.
Ferro Corp. (NYSE:FOE) last released its earnings data on Monday, February 24th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $374.00 million for the quarter, compared to the consensus estimate of $379.10 million. Analysts expect that Ferro Corp. will post $0.72 EPS for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Ferro Corp. from an “outperform” rating to a “neutral” rating in a research note on Monday, January 6th. They now have a $15.20 price target on the stock. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Ferro Corp. presently has a consensus rating of “Hold” and a consensus price target of $12.23.
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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