Ford Motor Co. (NYSE:F) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 149,744,868 shares, a decrease of 1.7% from the August 31st total of 152,323,014 shares. Based on an average daily volume of 40,938,354 shares, the days-to-cover ratio is presently 3.7 days. Currently, 3.8% of the company’s shares are short sold.
A number of analysts have weighed in on the stock. Jefferies Group reissued a “sell” rating and set a $10.00 target price on shares of Ford Motor in a research report on Wednesday, August 17th. Rodman & Renshaw started coverage on shares of Ford Motor in a research report on Monday, July 18th. They set a “buy” rating for the company. Piper Jaffray Cos. started coverage on shares of Ford Motor in a research report on Thursday, June 9th. They set an “overweight” rating and a $17.00 price objective for the company. Vetr downgraded shares of Ford Motor from a “buy” rating to a “hold” rating and set a $13.46 price objective for the company. in a research report on Monday, July 11th. Finally, Daiwa Capital Markets downgraded shares of Ford Motor from a “neutral” rating to an “underperform” rating in a research report on Monday, August 1st. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ford Motor has a consensus rating of “Hold” and a consensus target price of $14.07.
In other news, Director John C. Lechleiter bought 5,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was acquired at an average price of $12.26 per share, with a total value of $61,300.00. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $306,500. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. boosted its stake in Ford Motor by 21.5% in the second quarter. 1832 Asset Management L.P. now owns 7,900 shares of the auto manufacturer’s stock worth $100,000 after buying an additional 1,400 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in Ford Motor during the first quarter worth approximately $104,000. Balentine LLC bought a new stake in Ford Motor during the second quarter worth approximately $109,000. Bellwether Investment Group LLC bought a new stake in Ford Motor during the second quarter worth approximately $109,000. Finally, Hudock Capital Group LLC boosted its stake in Ford Motor by 14.9% in the second quarter. Hudock Capital Group LLC now owns 9,250 shares of the auto manufacturer’s stock worth $116,000 after buying an additional 1,200 shares in the last quarter. 56.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ford Motor (NYSE:F) opened at 12.07 on Monday. The company has a 50-day moving average price of $12.32 and a 200 day moving average price of $12.94. The stock has a market cap of $47.96 billion, a price-to-earnings ratio of 5.69 and a beta of 1.30. Ford Motor has a one year low of $11.02 and a one year high of $15.84.
Ford Motor (NYSE:F) last released its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The company earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. During the same period in the prior year, the company posted $0.47 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that Ford Motor will post $1.82 earnings per share for the current year.
Ford Motor Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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