Goldman Sachs Group Inc. restated their neutral rating on shares of Ford Motor Co. (NYSE:F) in a research report report published on Saturday. They currently have a $12.00 price target on the auto manufacturer’s stock, down from their prior price target of $13.00.
Other analysts also recently issued research reports about the company. Tigress Financial reissued a buy rating on shares of Ford Motor in a report on Tuesday, June 21st. Zacks Investment Research upgraded Ford Motor from a hold rating to a buy rating and set a $15.00 target price on the stock in a research report on Tuesday, June 21st. Vetr cut Ford Motor from a strong-buy rating to a buy rating and set a $13.45 target price on the stock. in a research report on Monday, July 4th. Rodman & Renshaw started coverage on Ford Motor in a research report on Monday, July 18th. They issued a buy rating on the stock. Finally, Seaport Global Securities started coverage on Ford Motor in a research report on Tuesday, August 9th. They issued a buy rating and a $20.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $14.03.
Shares of Ford Motor (NYSE:F) opened at 12.29 on Friday. The stock has a market capitalization of $48.83 billion, a P/E ratio of 5.80 and a beta of 1.27. Ford Motor has a 52-week low of $11.02 and a 52-week high of $15.84. The firm’s 50-day moving average price is $12.31 and its 200-day moving average price is $12.90.
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 firm had revenue of $39.50 million for the quarter, compared to the consensus estimate of $36.29 billion. During the same period in the prior year, the business earned $0.47 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that Ford Motor will post $1.82 earnings per share for the current fiscal year.
In related news, Director John C. Lechleiter bought 5,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were bought at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at $306,500. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sankar S. Nair sold 82,000 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Ford Motor by 3.8% in the second quarter. Vanguard Group Inc. now owns 244,456,762 shares of the auto manufacturer’s stock worth $3,072,821,000 after buying an additional 8,920,917 shares during the last quarter. State Street Corp raised its position in Ford Motor by 0.9% in the first quarter. State Street Corp now owns 153,679,968 shares of the auto manufacturer’s stock worth $2,074,690,000 after buying an additional 1,431,699 shares during the last quarter. BlackRock Fund Advisors raised its position in Ford Motor by 2.9% in the second quarter. BlackRock Fund Advisors now owns 45,632,847 shares of the auto manufacturer’s stock worth $573,605,000 after buying an additional 1,265,872 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Ford Motor by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 34,862,832 shares of the auto manufacturer’s stock worth $438,231,000 after buying an additional 953,271 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Ford Motor by 3.4% in the first quarter. Geode Capital Management LLC now owns 33,746,016 shares of the auto manufacturer’s stock worth $454,713,000 after buying an additional 1,114,524 shares during the last quarter. Institutional investors own 56.06% 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.
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