Zacks #1 Ferro Decently Valued – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/14732/Zacks+%231+Ferro+Decently+Valued+-+Zacks+Tale+of+the+TapePosted on Tuesday, September 16th, 2008 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Ferro Corp. (FOE) is trading near at $23.27, a shade below its 52-week high of $24.13. The company has recently announced a price hike of 6-12% on its porcelain products with the hike touching 20% for some of its specialty products to offset rising raw material costs.
Analysts have raised the companys earnings forecast per share by 19 cents — from $1.19 to $1.38 — over the last three months. With a forward P/E of 13.4, the Zacks #1 stock is nearing value territory.
“FOE” Free Stock Analysis: Buy? Sell? Hold?
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