News coverage about Ferro Corporation (NYSE:FOE) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ferro Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the specialty chemicals company an impact score of 45.7202172053221 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Here’s Why You Should Hold on to International Flavors (IFF) (sg.finance.yahoo.com)
- Ferro Corporation (FOE) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Ferro Corporation (FOE) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Ferro Corporation (FOE) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
Ferro Corporation (NYSE FOE) traded up 1.40% during midday trading on Friday, hitting $20.95. The stock had a trading volume of 1,227,359 shares. The company’s 50 day moving average price is $19.36 and its 200-day moving average price is $17.40. The stock has a market cap of $1.75 billion, a PE ratio of 148.58 and a beta of 2.02. Ferro Corporation has a 52-week low of $12.46 and a 52-week high of $21.05.
Ferro Corporation (NYSE:FOE) last released its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The firm had revenue of $348.60 million during the quarter, compared to analyst estimates of $336.14 million. Ferro Corporation had a return on equity of 35.05% and a net margin of 1.06%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. Analysts forecast that Ferro Corporation will post $1.27 EPS for the current fiscal year.
Several equities research analysts recently weighed in on FOE shares. Zacks Investment Research raised Ferro Corporation from a “sell” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday, July 31st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $22.00 price target (up from $20.00) on shares of Ferro Corporation in a research note on Monday, July 31st. Longbow Research raised Ferro Corporation from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Monday, June 5th. Finally, BidaskClub raised Ferro Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Six investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $22.20.
Ferro Corporation Company Profile
Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel. Its manufacturers make products for various end-use markets.
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