Ferro Corp. Now Covered by Analysts at JPMorgan Chase & Co. (FOE)
Stock analysts at JPMorgan Chase & Co. began coverage on shares of Ferro Corp. (NYSE:FOE) in a report issued on Friday, Stock Ratings News reports. The firm set a “neutral” rating on the stock.
Ferro Corp. (NYSE:FOE) opened at 13.24 on Friday. Ferro Corp. has a 1-year low of $5.07 and a 1-year high of $14.17. The stock has a 50-day moving average of $13. and a 200-day moving average of $11.33. The company has a market cap of $1.146 billion and a P/E ratio of 15.89.
Ferro Corp. (NYSE:FOE) last announced its earnings results on Monday, February 24th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Ferro Corp. will post $0.70 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Ferro Corp. from $14.00 to $15.00 in a research note on Wednesday. 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $15.10.
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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