Deutsche Bank AG reaffirmed their buy rating on shares of Ferro Co. (NYSE:FOE) in a report issued on Monday morning. They currently have a $22.00 price objective on the specialty chemicals company’s stock, up from their previous price objective of $20.00.

Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of Ferro from a buy rating to a hold rating in a report on Monday, July 24th. TheStreet raised shares of Ferro from a c rating to a b rating in a report on Thursday, April 27th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $19.00 price target (up from $16.00) on shares of Ferro in a report on Monday, May 1st. Zacks Investment Research lowered shares of Ferro from a buy rating to a hold rating in a report on Wednesday, June 28th. Finally, Longbow Research raised shares of Ferro from a neutral rating to a buy rating and set a $22.00 price target for the company in a report on Monday, June 5th. Six research analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus price target of $20.40.

Ferro (NYSE FOE) traded down 1.88% during trading on Monday, hitting $19.29. 689,277 shares of the company’s stock traded hands. The stock has a market cap of $1.61 billion, a P/E ratio of 136.81 and a beta of 2.02. The firm’s 50-day moving average price is $18.44 and its 200 day moving average price is $16.27. Ferro has a 12-month low of $12.35 and a 12-month high of $20.34.

Ferro (NYSE:FOE) last released its quarterly earnings data on Wednesday, July 26th. The specialty chemicals company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. Ferro had a net margin of 6.09% and a return on equity of 28.44%. The company had revenue of $348.60 million during the quarter, compared to analyst estimates of $336.14 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. Analysts anticipate that Ferro will post $1.27 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in FOE. Metropolitan Life Insurance Co. NY raised its position in shares of Ferro by 1.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 58,315 shares of the specialty chemicals company’s stock valued at $886,000 after buying an additional 1,064 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Ferro by 14.7% in the first quarter. Envestnet Asset Management Inc. now owns 13,867 shares of the specialty chemicals company’s stock valued at $211,000 after buying an additional 1,782 shares in the last quarter. American International Group Inc. raised its position in shares of Ferro by 7.1% in the first quarter. American International Group Inc. now owns 51,254 shares of the specialty chemicals company’s stock valued at $779,000 after buying an additional 3,386 shares in the last quarter. Balter Liquid Alternatives LLC raised its position in shares of Ferro by 1.8% in the first quarter. Balter Liquid Alternatives LLC now owns 196,052 shares of the specialty chemicals company’s stock valued at $2,978,000 after buying an additional 3,410 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Ferro by 17.0% in the second quarter. Legal & General Group Plc now owns 34,936 shares of the specialty chemicals company’s stock valued at $637,000 after buying an additional 5,083 shares in the last quarter. 96.19% of the stock is owned by institutional investors.

Ferro 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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