Worth Watching: Is Ferro Corporation’s Fuel For Real? The Stock Just Increased Again

Worth Watching: Is Ferro Corporation's Fuel For Real? The Stock Just Increased Again

The stock of Ferro Corporation (NYSE:FOE) is a huge mover today! About 285,396 shares traded hands. Ferro Corporation (NYSE:FOE) has risen 19.93% since April 8, 2016 and is uptrending. It has outperformed by 14.28% the S&P500.
The move comes after 6 months positive chart setup for the $1.27B company. It was reported on Nov, 10 by Barchart.com. We have $24.62 PT which if reached, will make NYSE:FOE worth $876.30 million more.

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. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Buy”. The rating was initiated by Oppenheimer with “Outperform” on Wednesday, September 23. The company was initiated on Wednesday, August 12 by Global Hunter Securities. As per Wednesday, January 13, the company rating was upgraded by Seaport Global.

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 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.
Pear Tree Advsrs accumulated 188,035 shares or 1.06% of the stock. Envestnet Asset Mngmt Incorporated, a Illinois-based fund reported 6,429 shares. Great West Life Assurance Can last reported 0% of its portfolio in the stock. Bluecrest Mgmt Ltd accumulated 115,965 shares or 0.06% of the stock. Franklin Resources last reported 0.01% of its portfolio in the stock. First Advsr L P last reported 0% of its portfolio in the stock. Moreover, Pnc Fincl Group has 0% invested in Ferro Corporation (NYSE:FOE) for 3,734 shares. Water Island Cap Ltd Llc has 0.03% invested in the company for 38,189 shares. Raymond James Associates owns 96,451 shares or 0% of their US portfolio. Wolverine Asset Mngmt Limited Liability Com reported 38,000 shares or 0.01% of all its holdings. Trexquant Limited Partnership has 13,628 shares for 0.02% of their US portfolio. The Colorado-based Paradice Inv Management has invested 1.11% in Ferro Corporation (NYSE:FOE). New York State Common Retirement Fund accumulated 0% or 178,363 shares. Blackrock Fund Advsrs has invested 0.01% of its portfolio in Ferro Corporation (NYSE:FOE). Terril Brothers Inc has 135,650 shares for 0.8% of their US portfolio.

More notable recent Ferro Corporation (NYSE:FOE) news were published by: Seekingalpha.com which released: “Ferro Corporation’s (FOE) CEO Peter Thomas on Q3 2016 Results – Earnings Call …” on November 05, 2016, also Fool.com with their article: “Shares of Ferro Corporation Plunge After Rejection of Buyout Offers” published on July 18, 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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