Ford Motor’s (F) Sell Rating Reaffirmed at Berenberg Bank
Several other brokerages have also recently commented on F. Deutsche Bank AG reiterated a hold rating and set a $14.00 price target on shares of Ford Motor in a research report on Wednesday, August 17th. Goldman Sachs Group Inc. reissued a neutral rating and set a $12.00 price objective (down previously from $13.00) on shares of Ford Motor in a research note on Saturday, October 8th. TheStreet lowered Ford Motor from a buy rating to a hold rating in a research note on Thursday, November 3rd. JPMorgan Chase & Co. reissued an overweight rating on shares of Ford Motor in a research note on Monday, September 12th. Finally, Daiwa Capital Markets raised Ford Motor from an underperform rating to a neutral rating and set a $12.00 price objective on the stock in a research note on Monday, October 31st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Ford Motor has a consensus rating of Hold and an average price target of $13.77.
Shares of Ford Motor (NYSE:F) opened at 11.92 on Monday. Ford Motor has a 12 month low of $11.02 and a 12 month high of $14.62. The company has a 50-day moving average price of $11.85 and a 200-day moving average price of $12.53. The company has a market capitalization of $47.37 billion, a P/E ratio of 6.59 and a beta of 1.12.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, October 27th. The auto manufacturer reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.06. The business earned $35.90 billion during the quarter, compared to analysts’ expectations of $32.70 billion. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The business’s revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. On average, analysts forecast that Ford Motor will post $1.81 EPS for the current fiscal 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 5.03%. Ford Motor’s dividend payout ratio is currently 33.15%.
In related news, insider Ziad S. Ojakli sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $11.86, for a total value of $118,600.00. Following the completion of the transaction, the insider now directly owns 503,246 shares of the company’s stock, valued at approximately $5,968,497.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction, the insider now directly owns 32,969 shares of the company’s stock, valued at $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ford Motor by 4.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 864,967 shares of the auto manufacturer’s stock valued at $10,873,000 after buying an additional 37,800 shares during the last quarter. Columbus Circle Investors bought a new position in Ford Motor during the second quarter valued at $56,640,000. Quantitative Investment Management LLC bought a new position in Ford Motor during the third quarter valued at $3,552,000. Hermes Investment Management Ltd. increased its position in Ford Motor by 23.6% in the second quarter. Hermes Investment Management Ltd. now owns 1,143,167 shares of the auto manufacturer’s stock valued at $14,370,000 after buying an additional 218,600 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK increased its position in Ford Motor by 40.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 3,445,145 shares of the auto manufacturer’s stock valued at $43,306,000 after buying an additional 990,326 shares during the last quarter. 54.26% of the stock is owned by hedge funds and other institutional investors.
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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