Ferro Corporation (FOE) Receives Analyst Rating

Ferro Corporation (FOE) : Zacks Investment Research ranks Ferro Corporation (FOE) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 6 research analysts is 1, which indicates as a Strong Buy.

Ferro Corporation (FOE) : 5 Wall Street analysts covering Ferro Corporation (FOE) believe that the average level the stock could reach for the short term is $16. The maximum price target given is $17 and the minimum target for short term is around $15, hence the standard deviation is calculated at $1.


Ferro Corporation (NYSE:FOE): After opening at $12.47, the stock dipped to an intraday low of $12.4 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.6501 and the buying power remained strong till the end. The stock closed at $12.55 for the day, a gain of 0.97% for the day session. The total traded volume was 752,081. The stocks close on the previous trading day was $12.43.

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.

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