Ford Motor Co. (NYSE:F) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday. The firm presently has a $13.77 price objective on the auto manufacturer’s stock. Vetr‘s target price would indicate a potential upside of 14.85% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Barclays PLC restated an “equal weight” rating and set a $13.00 price objective (down previously from $14.00) on shares of Ford Motor in a research report on Tuesday, July 19th. Zacks Investment Research cut shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Rodman & Renshaw initiated coverage on shares of Ford Motor in a research report on Monday, July 18th. They set a “buy” rating on the stock. Tigress Financial restated a “buy” rating on shares of Ford Motor in a research report on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. cut shares of Ford Motor from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $15.00 to $13.00 in a research report on Friday, July 29th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Ford Motor has a consensus rating of “Hold” and an average price target of $14.06.
Shares of Ford Motor (NYSE:F) traded down 1.07% during mid-day trading on Tuesday, reaching $11.99. 40,053,504 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $12.29 and a 200-day moving average price of $12.88. The stock has a market cap of $47.64 billion, a PE ratio of 5.66 and a beta of 1.27. Ford Motor has a one year low of $11.02 and a one year high of $15.84.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The firm earned $39.50 million during the quarter, compared to the consensus estimate of $36.29 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts predict that Ford Motor will post $1.82 EPS for the current year.
In other news, insider Sankar S. Nair sold 82,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total value of $993,020.00. Following the transaction, the insider now owns 32,969 shares in the company, valued at $399,254.59. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John C. Lechleiter bought 5,000 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was purchased at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the purchase, the director now owns 25,000 shares of the company’s stock, valued at approximately $306,500. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of F. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Ford Motor by 5.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 168,671 shares of the auto manufacturer’s stock valued at $2,277,000 after buying an additional 8,872 shares in the last quarter. Columbia Partners L L C Investment Management boosted its position in Ford Motor by 15.9% in the first quarter. Columbia Partners L L C Investment Management now owns 81,211 shares of the auto manufacturer’s stock valued at $1,096,000 after buying an additional 11,166 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Ford Motor during the first quarter valued at $104,000. NN Investment Partners Holdings N.V. bought a new position in Ford Motor during the first quarter valued at $95,992,000. Finally, Canandaigua National Bank & Trust Co. boosted its position in Ford Motor by 18.7% in the first quarter. Canandaigua National Bank & Trust Co. now owns 25,710 shares of the auto manufacturer’s stock valued at $347,000 after buying an additional 4,050 shares during the last quarter. Hedge funds and other institutional investors own 56.05% of the company’s stock.
About Ford Motor
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.
To view Vetr’s full report, visit Vetr’s official website.
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