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 published on Tuesday. They currently have $13.52 price target on the auto manufacturer’s stock.
Other research analysts have also recently issued reports about the stock. Jefferies Group reiterated a sell rating on shares of Ford Motor in a report on Sunday, September 4th. Barclays PLC reiterated an equal weight rating and issued a $12.00 target price (down from $13.00) on shares of Ford Motor in a report on Tuesday, August 2nd. Deutsche Bank AG reiterated a hold rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, August 17th. Zacks Investment Research cut shares of Ford Motor from a hold rating to a sell rating in a report on Monday, July 18th. Finally, Buckingham Research lowered shares of Ford Motor from a buy rating to a neutral rating and reduced their price target for the stock from $16.00 to $12.00 in a research report on Tuesday, September 20th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $13.96.
Ford Motor (NYSE:F) traded down 0.374% during midday trading on Tuesday, reaching $11.995. 18,193,396 shares of the company’s stock traded hands. The company’s 50-day moving average price is $11.92 and its 200 day moving average price is $12.67. The stock has a market capitalization of $47.66 billion, a price-to-earnings ratio of 6.627 and a beta of 1.12. Ford Motor has a 52 week low of $11.02 and a 52 week high of $14.76.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. Ford Motor had a net margin of 4.80% and a return on equity of 26.97%. The company earned $35.90 billion during the quarter, compared to analysts’ expectations of $32.70 billion. During the same period last year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities research analysts expect that Ford Motor will post $1.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be given 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 dividend payout ratio is presently 33.15%.
In related news, insider Sankar S. Nair sold 82,000 shares of the business’s 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 completion of the transaction, the insider now directly owns 32,969 shares in the company, valued at approximately $399,254.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of F. 1832 Asset Management L.P. boosted 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 last quarter. Balentine LLC boosted its stake in Ford Motor by 1.8% in the third quarter. Balentine LLC now owns 8,815 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 160 shares during the last quarter. Bellwether Investment Group LLC purchased a new stake in Ford Motor during the second quarter valued at approximately $109,000. Hudock Capital Group LLC boosted its stake in Ford Motor by 0.8% in the third quarter. Hudock Capital Group LLC now owns 9,324 shares of the auto manufacturer’s stock valued at $112,000 after buying an additional 74 shares during the last quarter. Finally, Reilly Financial Advisors LLC boosted its stake 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 and hedge funds own 55.48% of the company’s stock.
Ford Motor Company Profile
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.