Is there a Bearish outlook for Ferro Corporation (NYSE:FOE) this week?

August 9, 2018 - By Matthew Richard

Ferro Corporation (NYSE:FOE) LogoInvestors sentiment decreased to 0.71 in 2018 Q1. Its down 0.17, from 0.88 in 2017Q4. It dropped, as 14 investors sold Ferro Corporation shares while 82 reduced holdings. 19 funds opened positions while 49 raised stakes. 79.57 million shares or 1.02% more from 78.76 million shares in 2017Q4 were reported.
77 were accumulated by Massmutual Communication Fsb Adv. Deutsche National Bank Ag, Germany-based fund reported 169,911 shares. Northpointe Capital Lc invested 0.61% of its portfolio in Ferro Corporation (NYSE:FOE). Wellington Mngmt Gp Limited Liability Partnership owns 6.82M shares. Proshare Advsr Llc holds 10,707 shares or 0% of its portfolio. Dreman Value Management L L C has invested 0.01% of its portfolio in Ferro Corporation (NYSE:FOE). Prudential Finance Incorporated reported 9,665 shares. D E Shaw Co Incorporated has invested 0% of its portfolio in Ferro Corporation (NYSE:FOE). Farmers & Merchants Investments holds 0% of its portfolio in Ferro Corporation (NYSE:FOE) for 346 shares. Us State Bank De accumulated 38,136 shares. 159,849 were accumulated by Nuveen Asset Management Limited Liability. Susquehanna Interest Group Incorporated Limited Liability Partnership owns 23,529 shares. Stifel Financial Corporation holds 13,783 shares or 0% of its portfolio. Gabelli Funds Ltd Liability reported 3.56 million shares. 28,162 were reported by Citigroup.

Since March 7, 2018, it had 0 insider buys, and 2 sales for $550,992 activity.

Ferro Corporation (NYSE:FOE) Ratings Coverage

Among 2 analysts covering Ferro Corp (NYSE:FOE), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ferro Corp has $2900 highest and $28.0 lowest target. $28.50’s average target is 24.62% above currents $22.87 stock price. Ferro Corp had 2 analyst reports since March 5, 2018 according to SRatingsIntel. The rating was maintained by Northcoast on Monday, March 5 with “Buy”. As per Tuesday, March 27, the company rating was initiated by BMO Capital Markets. Below is a list of Ferro Corporation (NYSE:FOE) latest ratings and price target changes.

27/03/2018 Broker: BMO Capital Markets Rating: Buy New Target: $29.0000 Initiate
05/03/2018 Broker: Northcoast Rating: Buy New Target: $28.0 Maintain

The stock decreased 1.17% or $0.27 during the last trading session, reaching $22.87. About 185,735 shares traded. Ferro Corporation (NYSE:FOE) has risen 21.34% since August 9, 2017 and is uptrending. It has outperformed by 8.77% the S&P500.

Ferro Corporation produces specialty materials in the United States and internationally. The company has market cap of $1.92 billion. It operates through four business units: Tile Coating Systems; Porcelain Enamel; Performance Colors and Glass; and Pigments, Powders and Oxides. It has a 28.91 P/E ratio. The firm offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.

Another recent and important Ferro Corporation (NYSE:FOE) news was published by Seekingalpha.com which published an article titled: “Ferro Corporation (FOE) CEO Peter Thomas on Q2 2018 Results – Earnings Call Transcript” on July 27, 2018.

Ferro Corporation (NYSE:FOE) Institutional Positions Chart

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