Ford Motor Co. (F) Upgraded by Vetr Inc. to “Strong-Buy”
Vetr upgraded shares of Ford Motor Co. (NYSE:F) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday. The firm currently has $13.77 target price on the auto manufacturer’s stock.
A number of other analysts also recently weighed in on the company. Rodman & Renshaw began coverage on Ford Motor in a research note on Monday, July 18th. They issued a buy rating on the stock. Tigress Financial restated a buy rating on shares of Ford Motor in a research note on Tuesday, June 21st. Zacks Investment Research upgraded Ford Motor from a hold rating to a buy rating and set a $15.00 price target on the stock in a research note on Tuesday, June 21st. Goldman Sachs Group Inc. set a $15.00 price target on Ford Motor and gave the company a buy rating in a research note on Thursday, July 7th. Finally, Seaport Global Securities began coverage on Ford Motor in a research note on Tuesday, August 9th. They issued a buy rating and a $20.00 price target on the stock. Five analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Ford Motor currently has a consensus rating of Hold and an average target price of $14.06.
Shares of Ford Motor (NYSE:F) opened at 11.99 on Tuesday. The company has a 50-day moving average price of $12.29 and a 200-day moving average price of $12.88. Ford Motor has a 12 month low of $11.02 and a 12 month high of $15.84. The stock has a market cap of $47.64 billion, a price-to-earnings ratio of 5.66 and a beta of 1.27.
Ford Motor (NYSE:F) last released 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 company earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. On average, analysts expect that Ford Motor will post $1.82 EPS for the current fiscal year.
In other Ford Motor news, Director John C. Lechleiter bought 5,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were purchased at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the transaction, the director now directly owns 25,000 shares in the company, valued at $306,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sankar S. Nair sold 82,000 shares of the firm’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 completion of the sale, the insider now owns 32,969 shares in the company, valued at $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 the stock. Mount Lucas Management LP boosted its stake in Ford Motor by 60.3% in the first quarter. Mount Lucas Management LP now owns 1,885,747 shares of the auto manufacturer’s stock valued at $25,458,000 after buying an additional 709,103 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Ford Motor by 1.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,838,615 shares of the auto manufacturer’s stock valued at $78,821,000 after buying an additional 72,800 shares in the last quarter. Legal & General Group Plc boosted its stake in Ford Motor by 3.3% in the first quarter. Legal & General Group Plc now owns 18,761,433 shares of the auto manufacturer’s stock valued at $253,250,000 after buying an additional 597,065 shares in the last quarter. Natixis boosted its stake in Ford Motor by 1,101.7% in the first quarter. Natixis now owns 4,883,711 shares of the auto manufacturer’s stock valued at $65,930,000 after buying an additional 4,477,314 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Ford Motor by 38.8% in the first quarter. Nuveen Asset Management LLC now owns 2,147,045 shares of the auto manufacturer’s stock valued at $28,986,000 after buying an additional 600,568 shares in 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.
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