Wells Fargo (NYSE:WFC) analyst Wells Fargo maintained a Hold rating on Ferro (NYSE:FOE) Corp on Thursday, setting a price target of $14, which is approximately 13.09% above the present share price of $12.38.
expects Ferro Corp to post earnings per share (EPS) of $0.19 for the third quarter of 2020.
The current consensus among 1 TipRanks analysts is for a Hold rating of shares in Ferro, with an average price target of $14.
The analysts price targets range from a high of $14 to a low of $14.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $252.33 million and a net profit of $24.83 million. The company's market cap is $1.02 billion.
According to TipRanks.com, Wells Fargo analyst Wells Fargo is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 11.3% and a 62.34% success rate.
Ferro Corp. engages in the business of manufacturing specialty materials. Its products include frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings. The firm operates through the following segments: Performance Coatings; Performance Colors and Glass; and Color Solutions. The Performance Coatings segment refers to tile coating systems and porcelain enamel products. The Performance Colors and Glass segment provides color coatings and enamels for global glass industry such as automotive glass, flat glass, container glass, and a range of industrial products applications. The Color Solutions segment covers paint, plastics ceramics, and concrete applications, precious metal powders for conductive pastes and inks for a wide range of electronic applications, and polishing materials for ophthalmic lenses, auto finishes, and display panels. The company was founded by Harry D. Cushman, Raymond Williams (NYSE:WMB), and Henry Luebbert in 1919 and is headquartered in Mayfield Heights, OH.