Ferro (FOE) Receives Buy Upgrade from Deutsche Bank

Ferro (FOE) has been upgraded today by the research analysts at investment firm Deutsche Bank which upgraded FOE from a “hold” rating to “buy.”  Deutsche Bank also maintained their original $15 dollar price target on FOE despite today’s rating upgrade.  FOE slightly gapped up to begin the normal market trading session today and has seen a commendable amount of positive sentiment underlying shares.

Ferro is slated to release their next earnings report on July 25th, 2011 and is estimated to post EPS of 34 cents.  Their last earnings report was released on April 27th, 2011 and announced EPS of 29 cents with revenue totaling $5.73 billion which was up 16.3 % year to year.  FOE is currently trading below its 50 & 200-day moving averages and 2011 is currently a down year for the company.

Ferro is a producer of specialty materials and chemicals that are sold to a broad range of manufacturers who, in turn, make products for many end-use markets.  The company has market capitalization of $1,116,000,000 and 86,556,000 shares outstanding.  FOE has a 52-week high of $17.84 with the low being $6.68 dollars.

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