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.
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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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