Susquehanna Bancshares set a $12.00 target price on Ford Motor (NYSE:F) in a research note published on Wednesday, March 14th. The brokerage currently has a hold rating on the auto manufacturer’s stock.
Other analysts have also recently issued reports about the company. Vetr cut Ford Motor from a strong-buy rating to a buy rating and set a $12.00 price objective on the stock. in a report on Monday, January 29th. BMO Capital Markets reaffirmed a hold rating and set a $11.00 price objective on shares of Ford Motor in a report on Tuesday, March 6th. Cascend Securities cut Ford Motor to a buy rating in a report on Tuesday, December 5th. Zacks Investment Research raised Ford Motor from a sell rating to a hold rating in a research report on Thursday, February 15th. Finally, ValuEngine downgraded Ford Motor from a buy rating to a hold rating in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the stock. Ford Motor currently has a consensus rating of Hold and a consensus price target of $12.42.
F stock opened at $11.18 on Wednesday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.12 and a current ratio of 1.23. Ford Motor has a twelve month low of $10.14 and a twelve month high of $13.48. The stock has a market cap of $45,097.54, a PE ratio of 6.28, a P/E/G ratio of 0.69 and a beta of 1.05.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). Ford Motor had a return on equity of 21.71% and a net margin of 4.85%. The business had revenue of $38.50 billion during the quarter, compared to analysts’ expectations of $36.96 billion. During the same period in the prior year, the firm posted $0.30 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. equities analysts forecast that Ford Motor will post 1.55 earnings per share for the current fiscal year.
In related news, Chairman William Clay Ford, Jr. sold 454,260 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $10.32, for a total transaction of $4,687,963.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Lechleiter acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $10.28 per share, with a total value of $51,400.00. Following the completion of the purchase, the director now directly owns 30,000 shares in the company, valued at $308,400. The disclosure for this purchase can be found here. 1.08% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its stake in Ford Motor by 2.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,252,086 shares of the auto manufacturer’s stock valued at $15,639,000 after buying an additional 28,204 shares during the last quarter. Certified Advisory Corp purchased a new stake in Ford Motor in the fourth quarter valued at about $124,000. Penbrook Management LLC purchased a new stake in Ford Motor in the fourth quarter valued at about $160,000. Xact Kapitalforvaltning AB raised its stake in Ford Motor by 6.9% in the fourth quarter. Xact Kapitalforvaltning AB now owns 813,771 shares of the auto manufacturer’s stock valued at $10,164,000 after buying an additional 52,765 shares during the last quarter. Finally, Handelsbanken Fonder AB purchased a new stake in Ford Motor in the fourth quarter valued at about $624,000. Hedge funds and other institutional investors own 56.59% 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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