Shares of Ferro Co. (NYSE:FOE) have been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $18.75.

A number of research analysts have commented on the company. BMO Capital Markets decreased their price objective on Ferro to $15.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. Buckingham Research lowered Ferro from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $21.00 to $16.00 in a report on Thursday, August 1st. Zacks Investment Research raised Ferro from a “sell” rating to a “hold” rating in a report on Monday, July 29th. ValuEngine lowered Ferro from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Finally, TheStreet lowered Ferro from a “b-” rating to a “c+” rating in a report on Wednesday, May 29th.

In other news, CFO Benjamin Schlater sold 2,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $12.36, for a total transaction of $30,900.00. Following the sale, the chief financial officer now directly owns 30,055 shares of the company’s stock, valued at approximately $371,479.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.71% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LS Investment Advisors LLC acquired a new stake in shares of Ferro during the 1st quarter worth $47,000. Quantamental Technologies LLC acquired a new stake in shares of Ferro during the 1st quarter worth $132,000. Virtu Financial LLC bought a new stake in shares of Ferro during the 1st quarter worth $214,000. Amalgamated Bank bought a new stake in shares of Ferro during the 4th quarter worth $192,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Ferro during the 1st quarter worth $259,000. 98.24% of the stock is currently owned by institutional investors.

NYSE FOE traded down $0.50 on Wednesday, reaching $11.45. The stock had a trading volume of 2,653 shares, compared to its average volume of 869,783. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.49 and a current ratio of 2.58. The stock’s fifty day moving average is $14.40. Ferro has a 1-year low of $11.47 and a 1-year high of $23.88. The stock has a market capitalization of $979.10 million, a P/E ratio of 7.59, a P/E/G ratio of 1.06 and a beta of 1.92.

Ferro (NYSE:FOE) last issued its quarterly earnings data on Tuesday, July 30th. The specialty chemicals company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Ferro had a return on equity of 27.77% and a net margin of 3.28%. The firm had revenue of $393.90 million for the quarter, compared to analyst estimates of $415.39 million. During the same period in the prior year, the firm posted $0.44 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. Analysts forecast that Ferro will post 1.21 EPS for the current fiscal year.

Ferro Company Profile

Ferro Corporation produces specialty materials in the United States and internationally. It operates through three segments: Performance Coatings, Performance Colors and Glass, and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.

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Analyst Recommendations for Ferro (NYSE:FOE)

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