Shares of Ferroglobe PLC (NASDAQ:GSM) have been given a consensus rating of “Hold” by the seven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $20.33.
GSM has been the subject of a number of analyst reports. BidaskClub lowered shares of Ferroglobe from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. Jefferies Group set a $18.00 price objective on shares of Ferroglobe and gave the company a “buy” rating in a report on Tuesday, November 28th. Stifel Nicolaus upped their price objective on shares of Ferroglobe from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, October 26th. B. Riley reissued a “buy” rating and issued a $20.00 price objective (up previously from $16.00) on shares of Ferroglobe in a report on Wednesday, November 22nd. Finally, Zacks Investment Research lowered shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 30th.
Shares of Ferroglobe (NASDAQ:GSM) traded down $0.12 during midday trading on Tuesday, hitting $15.55. 306,361 shares of the stock were exchanged, compared to its average volume of 469,485. The firm has a market capitalization of $2,670.00, a PE ratio of -10.87 and a beta of 1.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.09. Ferroglobe has a 1-year low of $8.54 and a 1-year high of $17.61.
Ferroglobe (NASDAQ:GSM) last issued its earnings results on Monday, November 27th. The basic materials company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The business had revenue of $451.60 million during the quarter, compared to analysts’ expectations of $435.15 million. Ferroglobe had a negative net margin of 2.84% and a negative return on equity of 0.75%. Ferroglobe’s revenue for the quarter was up 23.8% compared to the same quarter last year. equities research analysts expect that Ferroglobe will post 0.13 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in GSM. California Public Employees Retirement System boosted its stake in Ferroglobe by 2.2% during the second quarter. California Public Employees Retirement System now owns 432,100 shares of the basic materials company’s stock worth $5,164,000 after buying an additional 9,400 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Ferroglobe by 16.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,139,899 shares of the basic materials company’s stock valued at $49,471,000 after purchasing an additional 589,969 shares during the period. Stifel Financial Corp boosted its stake in shares of Ferroglobe by 17.1% in the second quarter. Stifel Financial Corp now owns 128,046 shares of the basic materials company’s stock valued at $1,531,000 after purchasing an additional 18,663 shares during the period. HighTower Advisors LLC raised its holdings in Ferroglobe by 0.4% in the second quarter. HighTower Advisors LLC now owns 41,492 shares of the basic materials company’s stock valued at $498,000 after acquiring an additional 150 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Ferroglobe by 335.4% in the second quarter. Goldman Sachs Group Inc. now owns 546,437 shares of the basic materials company’s stock valued at $6,530,000 after acquiring an additional 420,922 shares in the last quarter. 39.42% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/02/18/ferroglobe-plc-gsm-receives-consensus-rating-of-hold-from-analysts.html.
Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.
Receive News & Ratings for Ferroglobe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferroglobe and related companies with MarketBeat.com's FREE daily email newsletter.