Northcoast Research Sticks to Their Buy Rating for Ferro Corp

By Austin Angelo

Northcoast Research analyst Kevin Hocevar reiterated a Buy rating on Ferro Corp (NYSE: FOE) on March 5 and set a price target of $28. The company’s shares closed yesterday at $24.19, close to its 52-week high of $25.50.

According to TipRanks.com, Hocevar is a 3-star analyst with an average return of 6.2% and a 46.7% success rate. Hocevar covers the Consumer Goods sector, focusing on stocks such as Koppers Holdings Inc, Cabot Corporation, and Mohawk Industries.

Ferro Corp has an analyst consensus of Hold.

Ferro Corp’s market cap is currently $2.03B and has a P/E ratio of 35.57. The company has a book value ratio of 5.8929.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2017, Mark Hugo Duesenberg, the General Counsel of FOE sold 18,000 shares for a total of $430,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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, specialty dielectrics, electronic glasses, and other specialty coatings.