Ford Motor Co. (F) Upgraded to Strong-Buy at Vetr Inc.

Ford Motor Co. (NYSE:F) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Tuesday. The firm presently has a $13.52 target price on the auto manufacturer’s stock. Vetr‘s price objective would indicate a potential upside of 12.11% from the stock’s previous close.

A number of other analysts also recently commented on F. Zacks Investment Research cut Ford Motor from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Rodman & Renshaw initiated coverage on Ford Motor in a report on Monday, July 18th. They issued a “buy” rating for the company. Barclays PLC reissued an “equal weight” rating and issued a $13.00 price target (down from $14.00) on shares of Ford Motor in a report on Tuesday, July 19th. Citigroup Inc. cut their price target on Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, July 29th. Finally, Goldman Sachs Group Inc. cut Ford Motor from a “buy” rating to a “neutral” rating and cut their price target for the stock from $15.00 to $13.00 in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $13.96.

Analyst Recommendations for Ford Motor (NYSE:F)

Ford Motor (NYSE:F) opened at 12.06 on Tuesday. The stock has a market capitalization of $47.92 billion, a PE ratio of 6.66 and a beta of 1.12. Ford Motor has a 12-month low of $11.02 and a 12-month high of $14.76. The stock’s 50 day moving average price is $11.92 and its 200-day moving average price is $12.67.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.06. The company had revenue of $35.90 billion for the quarter, compared to the consensus estimate of $32.70 billion. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. Ford Motor’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. Analysts expect that Ford Motor will post $1.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Tuesday, October 25th. Ford Motor’s dividend payout ratio is currently 33.15%.

In related news, insider Sankar S. Nair sold 82,000 shares of the stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following the completion of the transaction, the insider now owns 32,969 shares of the company’s stock, valued at $399,254.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of F. Kistler Tiffany Companies LLC boosted its stake in shares of Ford Motor by 39.2% in the second quarter. Kistler Tiffany Companies LLC now owns 13,586 shares of the auto manufacturer’s stock valued at $171,000 after buying an additional 3,825 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its stake in shares of Ford Motor by 141.7% in the second quarter. Summit Financial Wealth Advisors LLC now owns 81,610 shares of the auto manufacturer’s stock valued at $1,026,000 after buying an additional 47,843 shares during the last quarter. Laffer Investments boosted its stake in shares of Ford Motor by 14.8% in the first quarter. Laffer Investments now owns 47,436 shares of the auto manufacturer’s stock valued at $640,000 after buying an additional 6,113 shares during the last quarter. Logan Capital Management Inc. boosted its stake in shares of Ford Motor by 9.0% in the first quarter. Logan Capital Management Inc. now owns 1,178,187 shares of the auto manufacturer’s stock valued at $15,906,000 after buying an additional 97,268 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Ford Motor by 14.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 705,803 shares of the auto manufacturer’s stock valued at $9,479,000 after buying an additional 88,439 shares during the last quarter. 55.48% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:F

To view Vetr’s full report, visit Vetr’s official website.

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