Ford Motor (NYSE:F – Get Free Report)‘s stock had its “equal weight” rating restated by equities research analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $14.00 price target on the auto manufacturer’s stock. Morgan Stanley’s price target would suggest a potential upside of 4.36% from the company’s previous close.
Other research analysts also recently issued reports about the company. HSBC increased their target price on Ford Motor from $9.80 to $12.80 and gave the company a “hold” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group dropped their price target on Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. UBS Group dropped their price target on Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their price target on Ford Motor from $11.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Finally, Citigroup dropped their price target on Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.56.
Read Our Latest Research Report on Ford Motor
Ford Motor Price Performance
Ford Motor (NYSE:F – Get Free Report) last posted its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. On average, equities research analysts anticipate that Ford Motor will post 1.6 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider William Clay Ford, Jr. purchased 140,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the acquisition, the insider owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. This represents a 3.71% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.63% of the company’s stock.
Institutional Trading of Ford Motor
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Ford Motor by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock worth $6,188,776,000 after purchasing an additional 4,087,699 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Ford Motor by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock worth $1,994,464,000 after purchasing an additional 4,089,779 shares during the period. Geode Capital Management LLC increased its stake in Ford Motor by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after purchasing an additional 1,255,349 shares during the period. Norges Bank purchased a new stake in Ford Motor in the fourth quarter worth $674,437,000. Finally, Dimensional Fund Advisors LP increased its stake in Ford Motor by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock worth $547,379,000 after purchasing an additional 1,585,557 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.
About Ford Motor
Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.
Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.
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