Ford Motor (F) Lifted to Sell at ValuEngine

ValuEngine upgraded shares of Ford Motor (NYSE:F) from a strong sell rating to a sell rating in a research note issued to investors on Wednesday morning.

A number of other analysts have also commented on F. Zacks Investment Research upgraded Ford Motor from a strong sell rating to a hold rating in a report on Tuesday. Guggenheim reiterated a hold rating and set a $11.50 price target on shares of Ford Motor in a report on Friday, July 27th. Buckingham Research dropped their price target on Ford Motor from $10.00 to $9.00 and set a neutral rating on the stock in a report on Thursday, October 25th. Bank of America dropped their price target on Ford Motor from $12.50 to $10.00 and set a neutral rating on the stock in a report on Thursday, October 25th. Finally, Nomura dropped their price target on Ford Motor from $9.00 to $8.10 and set a neutral rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. Ford Motor currently has an average rating of Hold and a consensus target price of $11.58.

Shares of F stock traded up $0.09 during trading hours on Wednesday, reaching $9.38. The company had a trading volume of 48,428,750 shares, compared to its average volume of 58,335,784. Ford Motor has a 12 month low of $8.17 and a 12 month high of $13.48. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 2.80. The firm has a market capitalization of $37.95 billion, a PE ratio of 5.27, a P/E/G ratio of 1.34 and a beta of 0.67.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. Ford Motor had a return on equity of 15.48% and a net margin of 3.88%. The company had revenue of $34.66 billion for the quarter, compared to analyst estimates of $32.05 billion. During the same quarter last year, the company earned $0.43 earnings per share. On average, equities research analysts anticipate that Ford Motor will post 1.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, October 23rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend is Monday, October 22nd. Ford Motor’s dividend payout ratio is currently 33.71%.

In other Ford Motor news, VP Steven R. Armstrong sold 13,000 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $9.54, for a total value of $124,020.00. Following the completion of the sale, the vice president now directly owns 94,527 shares of the company’s stock, valued at $901,787.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ray T. Charley purchased 4,000 shares of Ford Motor stock in a transaction dated Monday, October 29th. The stock was bought at an average price of $12.90 per share, with a total value of $51,600.00. The disclosure for this purchase can be found here. Company insiders own 0.95% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brown Advisory Inc. grew its position in Ford Motor by 45.3% during the first quarter. Brown Advisory Inc. now owns 115,213 shares of the auto manufacturer’s stock worth $1,276,000 after buying an additional 35,932 shares in the last quarter. Gulf International Bank UK Ltd grew its position in Ford Motor by 3.1% during the second quarter. Gulf International Bank UK Ltd now owns 1,203,877 shares of the auto manufacturer’s stock worth $13,326,000 after buying an additional 36,440 shares in the last quarter. DnB Asset Management AS grew its position in Ford Motor by 8.8% during the second quarter. DnB Asset Management AS now owns 464,292 shares of the auto manufacturer’s stock worth $5,140,000 after buying an additional 37,500 shares in the last quarter. Clinton Group Inc. purchased a new position in Ford Motor during the second quarter worth about $2,440,000. Finally, IFM Investors Pty Ltd grew its position in Ford Motor by 42.3% during the second quarter. IFM Investors Pty Ltd now owns 165,913 shares of the auto manufacturer’s stock worth $1,837,000 after buying an additional 49,307 shares in the last quarter. Institutional investors own 54.09% of the company’s stock.

About Ford Motor

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.

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