Zacks Investment Research upgraded shares of Ford Motor (NYSE:F) from a hold rating to a buy rating in a report released on Tuesday, January 9th. The brokerage currently has $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 research analysts also recently issued reports about the company. TheStreet raised Ford Motor from a c+ rating to a b- rating in a report on Thursday, October 5th. Piper Jaffray Companies set a $14.00 price objective on Ford Motor and gave the company a buy rating in a report on Monday, October 16th. Vetr raised Ford Motor from a hold rating to a buy rating and set a $13.34 price target for the company in a report on Wednesday, October 4th. Standpoint Research raised Ford Motor from a hold rating to a buy rating in a report on Wednesday, October 4th. Finally, ValuEngine raised Ford Motor from a hold rating to a buy rating in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. Ford Motor presently has a consensus rating of Hold and a consensus target price of $12.54.
Ford Motor (NYSE F) traded down $0.22 during mid-day trading on Tuesday, hitting $10.71. The stock had a trading volume of 72,310,000 shares, compared to its average volume of 45,850,000. The firm has a market capitalization of $42,540.00, a P/E ratio of 5.64, a P/E/G ratio of 0.64 and a beta of 1.14. Ford Motor has a 1-year low of $10.47 and a 1-year high of $13.48. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.23 and a quick ratio of 1.12.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). The firm had revenue of $38.50 billion during the quarter, compared to analyst estimates of $36.96 billion. Ford Motor had a net margin of 4.85% and a return on equity of 21.71%. Ford Motor’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. equities research analysts expect that Ford Motor will post 1.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, January 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend is Monday, January 29th. Ford Motor’s dividend payout ratio (DPR) is currently 31.58%.
In other Ford Motor news, insider Hau N. Thai-Tang sold 18,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $13.00, for a total value of $234,000.00. Following the completion of the sale, the insider now owns 14,358 shares of the company’s stock, valued at $186,654. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Hau N. Thai-Tang sold 19,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $12.50, for a total value of $237,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 47,752 shares of company stock valued at $603,965. 1.08% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. IFG Advisory LLC purchased a new position in shares of Ford Motor in the fourth quarter valued at $463,000. Winslow Evans & Crocker Inc. increased its position in shares of Ford Motor by 136.1% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 8,500 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 4,900 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Ford Motor in the second quarter valued at $106,000. Balentine LLC increased its position in shares of Ford Motor by 4.0% in the second quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 365 shares in the last quarter. Finally, Cedar Capital LLC purchased a new position in shares of Ford Motor in the fourth quarter valued at $126,000. Institutional investors and hedge funds own 54.12% of the company’s stock.
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About Ford Motor
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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