Ford Motor’s (F) “Neutral” Rating Reiterated at Goldman Sachs Group Inc.
Ford Motor Co. (NYSE:F)‘s stock had its “neutral” rating reissued by investment analysts at Goldman Sachs Group Inc. in a note issued to investors on Saturday. They presently have a $12.00 price target on the auto manufacturer’s stock, down from their previous price target of $13.00. Goldman Sachs Group Inc.’s price target points to a potential downside of 2.36% from the company’s previous close.
Several other equities research analysts also recently weighed in on the company. Jefferies Group reaffirmed a “sell” rating on shares of Ford Motor in a research report on Sunday, September 4th. Tigress Financial reaffirmed a “buy” rating on shares of Ford Motor in a research report on Tuesday, June 21st. Vetr downgraded Ford Motor from a “hold” rating to a “sell” rating and set a $13.46 price target on the stock. in a research report on Thursday, July 21st. Barclays PLC reaffirmed an “equal weight” rating and set a $12.00 price target (down from $13.00) on shares of Ford Motor in a research report on Tuesday, August 2nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $14.00 price target on shares of Ford Motor in a research report on Wednesday, August 17th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $14.03.
Shares of Ford Motor (NYSE:F) opened at 12.29 on Friday. The company has a 50 day moving average price of $12.31 and a 200-day moving average price of $12.90. 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.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. The firm earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $0.47 EPS. On average, analysts predict 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 company’s stock in a transaction that occurred on 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 acquisition, the director now owns 25,000 shares of the company’s stock, valued at $306,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sankar S. Nair sold 82,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total transaction of $993,020.00. Following the completion of the sale, the insider now owns 32,969 shares of the company’s stock, valued at approximately $399,254.59. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
A number of hedge funds have recently bought and sold shares of F. 1832 Asset Management L.P. increased 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 valued at $100,000 after buying an additional 1,400 shares during the period. Acrospire Investment Management LLC bought a new stake in Ford Motor during the first quarter valued at $104,000. Balentine LLC bought a new stake in Ford Motor during the second quarter valued at $109,000. Bellwether Investment Group LLC bought a new stake in Ford Motor during the second quarter valued at $109,000. Finally, Hudock Capital Group LLC increased 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 valued at $116,000 after buying an additional 1,200 shares during the period. Hedge funds and other 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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