Ford Motor Co. (F) Given Neutral Rating at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reissued their neutral rating on shares of Ford Motor Co. (NYSE:F) in a report issued on Saturday. Goldman Sachs Group Inc. currently has a $12.00 target price on the auto manufacturer’s stock, down from their prior target price of $13.00.
A number of other research firms have also recently issued reports on F. Deutsche Bank AG reiterated a hold rating and issued a $14.00 target price on shares of Ford Motor in a research note on Wednesday, August 17th. Zacks Investment Research cut shares of Ford Motor from a hold rating to a sell rating in a research note on Monday, July 18th. JPMorgan Chase & Co. reissued an overweight rating on shares of Ford Motor in a report on Monday, September 12th. Vetr lowered shares of Ford Motor from a strong-buy rating to a buy rating and set a $13.45 price target for the company. in a report on Monday, July 4th. Finally, Credit Agricole SA set a $13.00 price target on shares of Ford Motor and gave the company a buy rating in a report on Tuesday, September 13th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $14.03.
Ford Motor (NYSE:F) opened at 12.29 on Friday. The company has a market capitalization of $48.83 billion, a price-to-earnings ratio of 5.80 and a beta of 1.27. The firm’s 50-day moving average price is $12.31 and its 200-day moving average price is $12.90. Ford Motor has a 52 week low of $11.02 and a 52 week high of $15.84.
Ford Motor (NYSE:F) last posted its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm posted $0.47 EPS. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that Ford Motor will post $1.82 earnings per share for the current year.
In other news, insider Sankar S. Nair sold 82,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total transaction of $993,020.00. Following the transaction, the insider now directly owns 32,969 shares in the company, valued at approximately $399,254.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Lechleiter acquired 5,000 shares of the stock in a transaction dated Monday, August 8th. The shares were purchased at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at $306,500. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in F. Advisory Services Network LLC raised its position in Ford Motor by 0.6% in the third quarter. Advisory Services Network LLC now owns 59,800 shares of the auto manufacturer’s stock valued at $722,000 after buying an additional 342 shares in the last quarter. First Mercantile Trust Co. raised its position in shares of Ford Motor by 3.6% in the third quarter. First Mercantile Trust Co. now owns 37,955 shares of the auto manufacturer’s stock worth $458,000 after buying an additional 1,305 shares during the period. Independent Portfolio Consultants Inc. raised its position in shares of Ford Motor by 4.4% in the third quarter. Independent Portfolio Consultants Inc. now owns 88,696 shares of the auto manufacturer’s stock worth $1,071,000 after buying an additional 3,745 shares during the period. Telemus Capital LLC raised its position in shares of Ford Motor by 0.5% in the third quarter. Telemus Capital LLC now owns 60,867 shares of the auto manufacturer’s stock worth $735,000 after buying an additional 274 shares during the period. Finally, Burke & Herbert Bank & Trust Co. raised its position in shares of Ford Motor by 18.0% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 31,066 shares of the auto manufacturer’s stock worth $375,000 after buying an additional 4,730 shares during the period. 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.
Receive News & Stock Ratings for Ford Motor Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Co. and related stocks with our FREE daily email newsletter.