KeyCorp reiterated their overweight rating on shares of Ferro Corporation (NYSE:FOE) in a report released on Friday morning, MarketBeat reports.

A number of other research firms also recently issued reports on FOE. Zacks Investment Research upgraded shares of Ferro Corporation from a hold rating to a buy rating and set a $26.00 price objective on the stock in a research note on Friday, October 13th. BidaskClub upgraded shares of Ferro Corporation from a hold rating to a buy rating in a research note on Thursday, August 3rd. Finally, Longbow Research reiterated a buy rating and set a $24.00 price objective (up from $22.00) on shares of Ferro Corporation in a research note on Wednesday, August 23rd. Six investment analysts have rated the stock with a buy rating, Ferro Corporation has an average rating of Buy and a consensus target price of $23.60.

Ferro Corporation (NYSE FOE) traded down $0.19 during midday trading on Friday, hitting $23.63. 452,200 shares of the stock were exchanged, compared to its average volume of 516,006. The company has a current ratio of 2.48, a quick ratio of 1.53 and a debt-to-equity ratio of 1.94. Ferro Corporation has a 1 year low of $13.55 and a 1 year high of $24.84. The company has a market capitalization of $1,997.48, a P/E ratio of 18.61 and a beta of 1.90.

Ferro Corporation (NYSE:FOE) last released its quarterly earnings data on Wednesday, November 1st. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Ferro Corporation had a net margin of 3.44% and a return on equity of 35.77%. The firm had revenue of $350.01 million for the quarter, compared to the consensus estimate of $332.28 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis. equities research analysts expect that Ferro Corporation will post 1.29 earnings per share for the current year.

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In related news, Director Ronald P. Vargo sold 12,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $24.13, for a total transaction of $289,560.00. Following the completion of the sale, the director now owns 43,450 shares of the company’s stock, valued at $1,048,448.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.02% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Intrust Bank NA purchased a new stake in Ferro Corporation during the third quarter valued at approximately $210,000. Prudential Financial Inc. purchased a new stake in Ferro Corporation during the third quarter valued at approximately $217,000. Amalgamated Bank lifted its position in Ferro Corporation by 5.5% during the second quarter. Amalgamated Bank now owns 10,767 shares of the specialty chemicals company’s stock valued at $197,000 after acquiring an additional 564 shares during the last quarter. Principal Financial Group Inc. lifted its position in Ferro Corporation by 1.0% during the second quarter. Principal Financial Group Inc. now owns 11,652 shares of the specialty chemicals company’s stock valued at $213,000 after acquiring an additional 120 shares during the last quarter. Finally, Airain ltd purchased a new stake in Ferro Corporation during the second quarter valued at approximately $214,000. 97.57% of the stock is owned by institutional investors.

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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