Ferro Co. (NYSE:FOE) has been given an average recommendation of “Buy” by the eight research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $21.67.
FOE has been the subject of a number of recent analyst reports. KeyCorp reiterated an “overweight” rating on shares of Ferro in a research note on Friday, November 10th. ValuEngine cut shares of Ferro from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research cut shares of Ferro from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th.
In other Ferro news, insider James Barna sold 12,000 shares of Ferro stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $23.37, for a total transaction of $280,440.00. Following the completion of the sale, the insider now directly owns 8,428 shares in the company, valued at approximately $196,962.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Mark Hugo Duesenberg sold 10,000 shares of Ferro stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $23.80, for a total transaction of $238,000.00. Following the sale, the general counsel now owns 130,545 shares of the company’s stock, valued at $3,106,971. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,246 shares of company stock valued at $3,396,897. Company insiders own 2.02% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Stone Ridge Asset Management LLC acquired a new position in shares of Ferro in the 4th quarter valued at $207,000. SG Americas Securities LLC acquired a new position in shares of Ferro in the 4th quarter valued at $211,000. Intrust Bank NA acquired a new position in shares of Ferro in the 3rd quarter valued at $210,000. Prudential Financial Inc. acquired a new position in shares of Ferro in the 3rd quarter valued at $217,000. Finally, Amalgamated Bank lifted its stake in shares of Ferro by 5.5% in the 2nd quarter. Amalgamated Bank now owns 10,767 shares of the specialty chemicals company’s stock valued at $197,000 after purchasing an additional 564 shares during the period. Institutional investors and hedge funds own 93.63% of the company’s stock.
Ferro (NYSE FOE) remained flat at $$21.70 during mid-day trading on Friday. The company had a trading volume of 180,013 shares, compared to its average volume of 406,641. The company has a market capitalization of $1,819.70, a price-to-earnings ratio of 40.94 and a beta of 1.72. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.53 and a current ratio of 2.48. Ferro has a 12 month low of $13.56 and a 12 month high of $25.50.
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Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color Solutions. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel.
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