Ferro Corporation (FOE) : 6 brokerage houses believe that Ferro Corporation (FOE) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Ferro Corporation (FOE). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.29.
Ferro Corporation (FOE) : The most positive equity analysts on Ferro Corporation (FOE) expects the shares to touch $17, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $16 with an expected fluctuation of $1 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Ferro Corporation (NYSE:FOE): The stock opened at $13.47 on Thursday but the bulls could not build on the opening and the stock topped out at $13.53 for the day. The stock traded down to $13.34 during the day, due to lack of any buying support eventually closed down at $13.38 with a loss of -0.82% for the day. The stock had closed at $13.49 on the previous day. The total traded volume was 414,523 shares.
In a related news, Killian Ann, officer (Vice President, Human Resource) of Ferro Corp, unloaded 30,000 shares at an average price of $10.99 on December 17, 2015. The total amount of the transaction was worth $329,700, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Ferro Corporation (Ferro) produces performance materials for a range of manufacturers in diversified industries throughout the world. The Company uses inorganic and organic chemical processes, polymer science and materials science to develop and produce these performance materials. It operates, approximately 33 facilities around the world that manufacture performance materials and performance chemicals. The Companys performance materials include frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, specialty dielectrics, electronic glasses, and other specialty coatings. Ferro operates through four segments: Tile Coating Systems, Porcelain Enamel, Performance Colors and Glass, and Pigments, Powders and Oxides. Ferros products are used in a variety of product applications in markets including appliances, household furnishings, automobiles, industrial products, building and renovation, and packaging.