Ford Motor (NYSE:F) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday.
Several other research firms also recently issued reports on F. Piper Jaffray Companies downgraded Ford Motor from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $13.48 to $12.00 in a research report on Tuesday, May 15th. They noted that the move was a valuation call. Morgan Stanley upgraded Ford Motor from an “underweight” rating to an “overweight” rating and dropped their target price for the stock from $10.78 to $10.00 in a research report on Wednesday, March 14th. They noted that the move was a valuation call. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.14 price objective on the stock in a research report on Friday, January 26th. JPMorgan Chase & Co. increased their price objective on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, April 26th. Finally, Zacks Investment Research upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.78.
Shares of NYSE:F traded up $0.18 during trading on Thursday, hitting $11.62. 33,556,515 shares of the company were exchanged, compared to its average volume of 45,647,684. The company has a market cap of $45.77 billion, a P/E ratio of 6.53, a P/E/G ratio of 0.69 and a beta of 1.04. Ford Motor has a 52-week low of $10.14 and a 52-week high of $13.48. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.23 and a quick ratio of 1.11.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 25th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The firm had revenue of $41.96 billion for the quarter, compared to the consensus estimate of $37.06 billion. Ford Motor had a return on equity of 21.31% and a net margin of 4.86%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 earnings per share. analysts expect that Ford Motor will post 1.56 earnings per share for the current fiscal year.
In other news, Director John C. Lechleiter bought 5,000 shares of Ford Motor stock in a transaction that occurred on Friday, May 11th. The shares were acquired at an average price of $11.17 per share, with a total value of $55,850.00. Following the completion of the purchase, the director now directly owns 34,400 shares in the company, valued at $384,248. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ashwani Kumar Galhotra sold 31,415 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $10.34, for a total value of $324,831.10. The disclosure for this sale can be found here. 0.95% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc. bought a new position in Ford Motor in the first quarter valued at $113,000. Point72 Asia Hong Kong Ltd grew its stake in shares of Ford Motor by 31,558.8% during the first quarter. Point72 Asia Hong Kong Ltd now owns 10,764 shares of the auto manufacturer’s stock valued at $119,000 after buying an additional 10,730 shares during the last quarter. Certified Advisory Corp bought a new position in shares of Ford Motor during the fourth quarter valued at about $124,000. Cedar Capital LLC bought a new position in shares of Ford Motor during the fourth quarter valued at about $126,000. Finally, Haverford Trust Co. bought a new position in shares of Ford Motor during the first quarter valued at about $127,000. 55.42% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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