Zacks Investment Research upgraded shares of Ford Motor (NYSE:F) from a hold rating to a buy rating in a research report released on Tuesday morning. The brokerage currently has $15.00 target price 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.”
Several other analysts have also recently commented on F. Royal Bank of Canada reissued a buy rating and set a $13.00 price target on shares of Ford Motor in a research note on Monday, September 18th. Vetr cut shares of Ford Motor from a buy rating to a hold rating and set a $12.34 price objective on the stock. in a research note on Wednesday, September 27th. ValuEngine raised shares of Ford Motor from a hold rating to a buy rating in a research note on Monday, October 2nd. Standpoint Research raised shares of Ford Motor from a hold rating to a buy rating in a research note on Wednesday, October 4th. Finally, TheStreet raised shares of Ford Motor from a c+ rating to a b- rating in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. Ford Motor has an average rating of Hold and a consensus target price of $12.66.
Shares of Ford Motor (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 1 year low of $10.47 and a 1 year high of $13.29. 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 company has a market capitalization 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 released its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $32.80 billion. During the same period in the prior year, the firm earned $0.26 earnings per share. Ford Motor’s revenue was up .9% compared to the same quarter last year. equities analysts expect that Ford Motor will post 1.81 EPS for the current fiscal year.
In related news, insider Hau N. Thai-Tang sold 18,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $13.00, for a total value of $234,000.00. Following the completion of the transaction, the insider now owns 14,358 shares of the company’s stock, valued at $186,654. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven R. Armstrong sold 10,752 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total transaction of $132,464.64. Following the completion of the transaction, the insider now directly owns 101,159 shares of the company’s stock, valued at approximately $1,246,278.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,752 shares of company stock worth $603,965. 1.08% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Hexavest Inc. grew its position in shares of Ford Motor by 33.2% in the 4th quarter. Hexavest Inc. now owns 4,573,391 shares of the auto manufacturer’s stock valued at $57,122,000 after acquiring an additional 1,140,513 shares during the period. Bristol Advisors LLC boosted its holdings in shares of Ford Motor by 598.4% during the 4th quarter. Bristol Advisors LLC now owns 174,600 shares of the auto manufacturer’s stock worth $2,181,000 after buying an additional 149,600 shares during the period. Greenhaven Associates Inc. bought a new stake in shares of Ford Motor during the 4th quarter worth about $164,194,000. North Star Investment Management Corp. boosted its holdings in shares of Ford Motor by 5.1% during the 4th quarter. North Star Investment Management Corp. now owns 200,078 shares of the auto manufacturer’s stock worth $2,499,000 after buying an additional 9,762 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in shares of Ford Motor by 13.2% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 92,202 shares of the auto manufacturer’s stock worth $1,152,000 after buying an additional 10,784 shares during the period. 53.61% of the stock is owned by 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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