Ford Motor Co. (F) Rating Lowered to Buy at Vetr Inc.
Ford Motor Co. (NYSE:F) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday. They presently have a $13.48 price target on the auto manufacturer’s stock. Vetr‘s target price indicates a potential upside of 11.96% from the stock’s previous close.
A number of other analysts have also recently commented on the company. Morgan Stanley reiterated an “overweight” rating and set a $12.00 price objective on shares of Ford Motor in a research report on Monday, October 24th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ford Motor in a research report on Monday, September 12th. Rodman & Renshaw initiated coverage on Ford Motor in a research report on Monday, July 18th. They set a “buy” rating for the company. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $12.00 price objective (down previously from $13.00) on shares of Ford Motor in a research report on Saturday, October 8th. Finally, Seaport Global Securities initiated coverage on Ford Motor in a research report on Tuesday, August 9th. They set a “buy” rating and a $20.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $13.96.
Shares of Ford Motor (NYSE:F) opened at 12.04 on Monday. The stock has a market cap of $47.84 billion, a PE ratio of 6.65 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 firm has a 50 day moving average price of $11.92 and a 200 day moving average price of $12.67.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The firm earned $35.90 billion during the quarter, compared to analysts’ expectations of $32.70 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue was down 6.9% on a year-over-year basis. On average, equities analysts expect that Ford Motor will post $1.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $0.60 annualized dividend and a dividend yield of 4.98%. Ford Motor’s payout ratio is 33.15%.
In other news, insider Sankar S. Nair sold 82,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following the sale, the insider now directly owns 32,969 shares in the company, valued at $399,254.59. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. increased its position 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 last quarter. Bellwether Investment Group LLC purchased a new position in Ford Motor during the second quarter valued at approximately $109,000. Balentine LLC purchased a new position in Ford Motor during the second quarter valued at approximately $109,000. Hudock Capital Group LLC increased its position 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 last quarter. Finally, Reilly Financial Advisors LLC increased its position in Ford Motor by 2.1% in the third quarter. Reilly Financial Advisors LLC now owns 9,684 shares of the auto manufacturer’s stock valued at $117,000 after buying an additional 200 shares during the last quarter. Institutional investors own 55.48% 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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