Worth Watching: How Analysts Feel About Ferro Corporation After Making 52-Week High?

Worth Watching: How Analysts Feel About Ferro Corporation After Making 52 Week High?

The stock of Ferro Corporation (NYSE:FOE) hit a new 52-week high and has $19.62 target or 33.00% above today’s $14.75 share price. The 8 months bullish chart indicates low risk for the $1.29B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $19.62 price target is reached, the company will be worth $425.70M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 403,131 shares traded hands. Ferro Corporation (NYSE:FOE) has risen 24.38% since April 11, 2016 and is uptrending. It has outperformed by 18.23% the S&P500.

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 firm has “Buy” rating given on Wednesday, January 13 by Seaport Global. The firm earned “Buy” rating on Tuesday, August 4 by Zacks. Oppenheimer initiated the stock with “Outperform” rating in Wednesday, September 23 report. Global Hunter Securities initiated Ferro Corporation (NYSE:FOE) on Wednesday, August 12 with “Accumulate” rating.

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 2016 Q2. Its up 0.17, from 1.08 in 2016Q1. The ratio is positive, 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.
Ubs Asset Mngmt Americas has 0% invested in the company for 39,597 shares. Highlander Mngmt Ltd Liability last reported 50,850 shares in the company. Kcg, a New Jersey-based fund reported 18,815 shares. Bankshares Of America De owns 154,911 shares or 0% of their US portfolio. The New Jersey-based Jacobs Levy Equity Mgmt has invested 0.01% in Ferro Corporation (NYSE:FOE). Trexquant Invest Lp holds 13,628 shares or 0.02% of its portfolio. Raymond James & Assocs has 0% invested in the company for 96,451 shares. Moreover, State Board Of Administration Of Florida Retirement Systems has 0% invested in Ferro Corporation (NYSE:FOE) for 72,529 shares. Moreover, Polaris Cap Mgmt Ltd Llc has 0.22% invested in Ferro Corporation (NYSE:FOE) for 188,035 shares. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Ferro Corporation (NYSE:FOE). Paloma Ptnrs Com holds 0.01% of its portfolio in Ferro Corporation (NYSE:FOE) for 40,106 shares. Gabelli Funds Ltd Liability accumulated 0.34% or 4.27 million shares. Blackrock Institutional Na has invested 0% of its portfolio in Ferro Corporation (NYSE:FOE). California Employees Retirement System holds 0% of its portfolio in Ferro Corporation (NYSE:FOE) for 227,700 shares. Parkside Bancshares & last reported 0% of its portfolio in the stock.

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 Seekingalpha.com with their article: “Ferro Corporation’s (FOE) CEO Peter Thomas on Q3 2016 Results – Earnings Call …” published on November 05, 2016, Streetinsider.com published: “Ferro Corp. (FOE) Acquires Cappelle Pigments, Certain Delta Performance …” on October 17, 2016. More interesting news about Ferro Corporation (NYSE:FOE) were released by: Businesswire.com and their article: “Ferro Announces Acquisition to Further Strengthen Its Position in Fast-Growing …” published on January 05, 2016 as well as Fool.com‘s news article titled: “Why Ferro Corporation’s Shares Popped 15% Late Friday” with publication date: May 06, 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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