Ford Motor (NYSE:F) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday, January 29th. They currently have a $12.00 price target on the auto manufacturer’s stock. Vetr‘s price target would indicate a potential upside of 11.73% from the company’s previous close.
Other analysts have 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. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, October 31st. Standpoint Research raised Ford Motor from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. ValuEngine raised Ford Motor from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Piper Jaffray Companies set a $14.00 price target on Ford Motor and gave the company a “buy” rating in a report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.54.
Shares of Ford Motor (F) opened at $10.74 on Monday. Ford Motor has a 1 year low of $10.19 and a 1 year high of $13.48. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.12 and a current ratio of 1.23. The firm has a market capitalization of $42,660.00, a P/E ratio of 5.65, a price-to-earnings-growth ratio of 0.64 and a beta of 1.14.
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 analysts’ consensus estimates of $0.42 by ($0.03). Ford Motor had a return on equity of 21.71% and a net margin of 4.85%. The company had revenue of $38.50 billion for the quarter, compared to analyst estimates of $36.96 billion. During the same period in the previous year, the business posted $0.30 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. equities analysts predict that Ford Motor will post 1.56 earnings per share for the current fiscal year.
In other news, insider Steven R. Armstrong sold 10,752 shares of Ford Motor stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $12.32, for a total value of $132,464.64. Following the completion of the sale, the insider now owns 101,159 shares of the company’s stock, valued at $1,246,278.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John C. Lechleiter acquired 5,000 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $10.28 per share, with a total value of $51,400.00. Following the transaction, the director now owns 30,000 shares of the company’s stock, valued at $308,400. The disclosure for this purchase can be found here. Insiders have sold 47,752 shares of company stock valued at $603,965 in the last three months. 1.08% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. BlueMountain Capital Management LLC grew its position in shares of Ford Motor by 92.9% in the second quarter. BlueMountain Capital Management LLC now owns 198,047 shares of the auto manufacturer’s stock valued at $2,216,000 after purchasing an additional 95,361 shares during the period. Pzena Investment Management LLC boosted its holdings in Ford Motor by 6.7% in the third quarter. Pzena Investment Management LLC now owns 25,409,816 shares of the auto manufacturer’s stock valued at $304,155,000 after acquiring an additional 1,597,098 shares during the last quarter. Advisors Capital Management LLC boosted its holdings in Ford Motor by 21.2% in the third quarter. Advisors Capital Management LLC now owns 483,120 shares of the auto manufacturer’s stock valued at $5,783,000 after acquiring an additional 84,375 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its holdings in Ford Motor by 1.7% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 3,748,158 shares of the auto manufacturer’s stock valued at $44,865,000 after acquiring an additional 64,036 shares during the last quarter. Finally, Strs Ohio boosted its holdings in Ford Motor by 3.8% in the third quarter. Strs Ohio now owns 3,416,273 shares of the auto manufacturer’s stock valued at $40,892,000 after acquiring an additional 125,660 shares during the last quarter. 54.06% 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.
To view Vetr’s full report, visit Vetr’s official website.
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