Zacks Investment Research upgraded shares of Ford Motor (NYSE:F) from a hold rating to a buy rating in a report released on Tuesday morning. They currently have $15.00 price objective on the auto manufacturer’s stock.
According to Zacks, “Ford is expanding its production capacity in many emerging markets to facilitate supply, cost reduction and manage transportation challenges. It has been making quite a large amount of investment for the development of next generation cars, which can be beneficial in the long-run but, are likely to create short-term strains on the financials of the company. Also, frequent product recalls and rising structural expenses are other issues faced by the company. In the past one year, Ford has underperformed the industry it belongs to.”
Other equities analysts have also recently issued reports about the stock. TheStreet upgraded shares of Ford Motor from a c+ rating to a b- rating in a research report on Thursday, October 5th. Piper Jaffray Companies set a $14.00 target price on shares of Ford Motor and gave the company a buy rating in a research report on Monday, October 16th. Vetr upgraded shares of Ford Motor from a hold rating to a buy rating and set a $13.34 target price for the company in a research report on Wednesday, October 4th. Standpoint Research upgraded shares of Ford Motor from a hold rating to a buy rating in a research report on Wednesday, October 4th. Finally, ValuEngine upgraded shares of Ford Motor from a hold rating to a buy rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $12.66.
Shares of Ford Motor (NYSE:F) traded up $0.07 during trading on Tuesday, reaching $13.23. 56,975,886 shares of the company’s stock traded hands, compared to its average volume of 33,070,000. Ford Motor has a twelve month low of $10.47 and a twelve month high of $13.29. The company has a quick ratio of 1.08, a current ratio of 1.19 and a debt-to-equity ratio of 2.94. The firm has a market cap of $52,550.00, a PE ratio of 12.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.26.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The business had revenue of $33.65 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter in the previous year, the company earned $0.26 EPS. The business’s revenue was up .9% on a year-over-year basis. equities analysts forecast that Ford Motor will post 1.81 EPS for the current year.
In other Ford Motor news, insider Hau N. Thai-Tang sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $13.00, for a total transaction of $234,000.00. Following the sale, the insider now directly owns 14,358 shares of the company’s stock, valued at approximately $186,654. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven R. Armstrong sold 10,752 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $12.32, for a total transaction of $132,464.64. Following the sale, the insider now directly owns 101,159 shares in the company, valued at $1,246,278.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,752 shares of company stock valued at $603,965. 1.08% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Ford Motor by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 264,421,059 shares of the auto manufacturer’s stock valued at $2,958,871,000 after purchasing an additional 2,491,009 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Ford Motor by 2.4% in the 2nd quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock valued at $2,624,814,000 after purchasing an additional 5,562,630 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Ford Motor by 5.7% in the 2nd quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock valued at $981,407,000 after purchasing an additional 4,706,379 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ford Motor by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 39,609,473 shares of the auto manufacturer’s stock valued at $474,123,000 after purchasing an additional 410,123 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Ford Motor by 7.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 35,817,086 shares of the auto manufacturer’s stock valued at $428,730,000 after purchasing an additional 2,518,396 shares during the last quarter. 53.61% of the stock is currently owned by hedge funds and other institutional investors.
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Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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