Royal Bank of Canada Reaffirms Hold Rating for Ford Motor (NYSE:F)

Royal Bank of Canada reiterated their hold rating on shares of Ford Motor (NYSE:F) in a research report released on Wednesday, December 20th. They currently have a $14.00 price target on the auto manufacturer’s stock.

F has been the topic of several other research reports. Vetr lowered shares of Ford Motor from a strong-buy rating to a buy rating and set a $12.54 target price on the stock. in a report on Monday, September 4th. Citigroup boosted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock a neutral rating in a report on Monday, October 30th. Morgan Stanley reiterated a sell rating and issued a $10.00 price objective (up previously from $9.00) on shares of Ford Motor in a report on Tuesday, October 31st. Cascend Securities lowered shares of Ford Motor to a buy rating in a report on Tuesday, December 5th. Finally, Barclays lowered shares of Ford Motor from an overweight rating to an equal weight rating and boosted their price objective for the stock from $12.12 to $14.00 in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. Ford Motor currently has a consensus rating of Hold and an average target price of $12.66.

Ford Motor (F) traded up $0.07 during trading hours on Wednesday, hitting $13.23. 56,980,000 shares of the company traded hands, compared to its average volume of 33,070,000. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08. The firm has a market cap of $52,550.00, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.26. Ford Motor has a 1-year low of $10.47 and a 1-year high of $13.29.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.10. The business had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. equities research analysts forecast that Ford Motor will post 1.81 EPS for the current year.

In other news, insider Steven R. Armstrong sold 10,752 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total value of $132,464.64. Following the sale, the insider now owns 101,159 shares in the company, valued at approximately $1,246,278.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Hau N. Thai-Tang sold 19,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $12.50, for a total transaction of $237,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,752 shares of company stock worth $603,965. Company insiders own 1.08% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Captrust Financial Advisors bought a new stake in shares of Ford Motor during the 2nd quarter valued at about $106,000. Balentine LLC grew its position in shares of Ford Motor by 4.0% during the 2nd quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 365 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Ford Motor during the 3rd quarter valued at about $124,000. Ffcm LLC grew its position in shares of Ford Motor by 181.3% during the 2nd quarter. Ffcm LLC now owns 10,464 shares of the auto manufacturer’s stock valued at $121,000 after buying an additional 6,744 shares during the last quarter. Finally, Godsey & Gibb Associates bought a new stake in shares of Ford Motor during the 2nd quarter valued at about $117,000. 53.61% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Royal Bank of Canada Reaffirms Hold Rating for Ford Motor (NYSE:F)” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/13/ford-motor-f-rating-reiterated-by-royal-bank-of-canada.html.

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.

Analyst Recommendations for Ford Motor (NYSE:F)

Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply