Royal Bank Of Canada Reiterates “Buy” Rating for Ford Motor Company (F)
Ford Motor Company (NYSE:F)‘s stock had its “buy” rating reaffirmed by investment analysts at Royal Bank Of Canada in a report issued on Tuesday.
Several other equities analysts have also commented on the company. Nomura reaffirmed a “buy” rating and set a $14.80 target price on shares of Ford Motor in a report on Tuesday, May 2nd. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 target price for the company in a report on Tuesday, July 25th. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. ValuEngine lowered Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Wolfe Research started coverage on Ford Motor in a report on Tuesday, June 13th. They set a “market perform” rating for the company. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.60.
Shares of Ford Motor (F) traded down 0.64% during mid-day trading on Tuesday, hitting $10.84. The company had a trading volume of 28,509,218 shares. The stock’s 50-day moving average is $11.24 and its 200-day moving average is $11.57. Ford Motor has a 52-week low of $10.67 and a 52-week high of $13.27. The stock has a market cap of $43.05 billion, a price-to-earnings ratio of 11.41 and a beta of 1.11.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. Ford Motor’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. Equities analysts forecast that Ford Motor will post $1.76 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: “Royal Bank Of Canada Reiterates “Buy” Rating for Ford Motor Company (F)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/08/15/royal-bank-of-canada-reiterates-buy-rating-for-ford-motor-company-f.html.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the transaction, the insider now directly owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the transaction, the vice president now directly owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.
Several institutional investors have recently bought and sold shares of F. Affinity Wealth Management acquired a new stake in shares of Ford Motor during the first quarter worth about $126,000. Pinnacle Bank acquired a new stake in shares of Ford Motor during the first quarter worth about $127,000. CWM LLC boosted its stake in shares of Ford Motor by 15.0% in the first quarter. CWM LLC now owns 17,978 shares of the auto manufacturer’s stock worth $209,000 after buying an additional 2,351 shares in the last quarter. Heritage Investors Management Corp boosted its stake in shares of Ford Motor by 0.3% in the first quarter. Heritage Investors Management Corp now owns 331,555 shares of the auto manufacturer’s stock worth $3,859,000 after buying an additional 923 shares in the last quarter. Finally, Doyle Wealth Management acquired a new stake in shares of Ford Motor during the first quarter worth about $295,000. 55.38% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
Receive News & Stock Ratings for Ford Motor Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Company and related stocks with our FREE daily email newsletter.