The stock of Ferro Corporation (NYSE:FOE) is a huge mover today! About 230,487 shares traded hands. Ferro Corporation (NYSE:FOE) has risen 28.97% since March 3, 2016 and is uptrending. It has outperformed by 20.63% the S&P500.
The move comes after 5 months positive chart setup for the $1.17 billion company. It was reported on Oct, 6 by Barchart.com. We have $21.70 PT which if reached, will make NYSE:FOE worth $666.90 million more.
Analysts await Ferro Corporation (NYSE:FOE) to report earnings on November, 2. They expect $0.25 earnings per share, up 4.17% or $0.01 from last year’s $0.24 per share. FOE’s profit will be $21.16 million for 13.82 P/E if the $0.25 EPS becomes a reality. After $0.34 actual earnings per share reported by Ferro Corporation for the previous quarter, Wall Street now forecasts -26.47% negative EPS growth.
Ferro Corporation (NYSE:FOE) Ratings Coverage
Out of 3 analysts covering Ferro (NYSE:FOE), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Ferro has been the topic of 7 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was upgraded by Seaport Global on Wednesday, January 13 to “Buy”. The firm has “Outperform” rating given on Wednesday, September 23 by Oppenheimer. The firm earned “Accumulate” rating on Wednesday, August 12 by Global Hunter Securities. The stock of Ferro Corporation (NYSE:FOE) has “Buy” rating given on Tuesday, August 4 by Zacks.
According to Zacks Investment Research, “FERRO CORP. is a worldwide producer of specialty materials for industry by organic and inorganic chemistry. It operates in 21 countries worldwide. Ferro produces a variety of specialty coatings, colors, ceramics, plastics, chemicals, and related products and services. Ferro’s most important product is frit produced for use in porcelain enamels and ceramic glazes. Ferro specialty materials require a high degree of technical service on an individual customer basis.”
Insitutional Activity: The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.17, from 1.08 in 2016Q1. The ratio improved, as 14 funds sold all Ferro Corporation shares owned while 55 reduced positions. 32 funds bought stakes while 54 increased positions. They now own 74.34 million shares or 0.99% less from 75.08 million shares in 2016Q1.
Lombardia Capital Prns Limited Liability holds 331,367 shares or 0.29% of its portfolio. Moreover, Alliancebernstein Limited Partnership has 0% invested in Ferro Corporation (NYSE:FOE) for 121,626 shares. Paloma Mngmt Com holds 0.01% of its portfolio in Ferro Corporation (NYSE:FOE) for 40,106 shares. Moreover, Ardsley Advisory Partners has 0.05% invested in Ferro Corporation (NYSE:FOE) for 20,500 shares. Pentwater Cap Mngmt L P has invested 0.02% of its portfolio in Ferro Corporation (NYSE:FOE). Pear Tree Advisors holds 188,035 shares or 1.06% of its portfolio. Gamco Et Al has 7.08 million shares for 0.63% of their US portfolio. Bronson Point Mngmt has 0.18% invested in the company for 40,000 shares. Voya Management Ltd Liability Corp, a Georgia-based fund reported 33,835 shares. Cramer Rosenthal Mcglynn Ltd has 1.56M shares for 0.34% of their US portfolio. Spot Trading Limited Liability Co has 15,025 shares for 0% of their US portfolio. Fmr Ltd Co has invested 0.01% of its portfolio in Ferro Corporation (NYSE:FOE). Teton Advsr, a New York-based fund reported 1.20 million shares. Gabelli Secs holds 0.04% or 25,100 shares in its portfolio. Parametric Portfolio Associates Lc owns 42,671 shares or 0% of their US portfolio.
More notable recent Ferro Corporation (NYSE:FOE) news were published by: Fool.com which released: “Shares of Ferro Corporation Plunge After Rejection of Buyout Offers” on July 18, 2016, also Reuters.com with their article: “Ferro Corp rebuffs bids from Apollo, CVC: sources” published on July 15, 2016, Fool.com published: “Why Ferro Corporation’s Shares Popped 15% Late Friday” on May 06, 2016. More interesting news about Ferro Corporation (NYSE:FOE) were released by: Prnewswire.com and their article: “FrontFour Capital Sends Letter to Ferro Corporation” published on March 14, 2016 as well as Plasticsnews.com‘s news article titled: “Ferro Corp. confirms it’s exploring ‘strategic alternatives'” with publication date: May 09, 2016.
FOE Company Profile
Ferro Corporation (Ferro), incorporated on October 13, 1919, produces performance materials for a range of manufacturers in diversified industries throughout the world. The Firm uses inorganic and organic chemical processes, polymer science and materials science to develop and produce these performance materials. The Company’s divisions include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides. The Firm produces its products primarily in the Europe-Middle East region, the United States, the Asia-Pacific region, and Latin America. The Firm sells its products directly to clients and through the use of agents or distributors throughout the world. The Firm operates approximately 40 facilities around the world that manufacture various types of performance materials, including frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, specialty dielectrics, electronic glasses and other specialty coatings.
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