Ford Motor Company (F) Cut to “Buy” at Vetr Inc.
Ford Motor Company (NYSE:F) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday. They presently have a $12.54 price objective on the auto manufacturer’s stock. Vetr‘s price objective indicates a potential upside of 10.48% from the company’s previous close.
A number of other brokerages also recently issued reports on F. Nomura downgraded shares of Ford Motor to a “hold” rating in a report on Saturday, August 5th. Berenberg Bank set a $10.00 price target on shares of Ford Motor and gave the stock a “sell” rating in a report on Monday, June 12th. BidaskClub upgraded shares of Ford Motor from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Royal Bank Of Canada restated a “buy” rating on shares of Ford Motor in a report on Tuesday, August 15th. Finally, Deutsche Bank AG restated a “hold” rating and set a $14.00 price target on shares of Ford Motor in a report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.54.
Shares of Ford Motor (NYSE F) traded up 2.90% on Monday, hitting $11.35. The company’s stock had a trading volume of 64,560,278 shares. Ford Motor has a one year low of $10.47 and a one year high of $13.27. The stock has a 50-day moving average price of $11.05 and a 200 day moving average price of $11.42. The firm has a market cap of $45.08 billion, a price-to-earnings ratio of 11.95 and a beta of 1.12.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. Equities research analysts predict that Ford Motor will post $1.75 EPS for the current year.
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In other news, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the sale, the vice president now directly owns 10 shares in the company, valued at approximately $110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James D. Farley, Jr. sold 25,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the sale, the insider now owns 428,411 shares in the company, valued at $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC raised its stake in Ford Motor by 130.3% during the 1st quarter. Acadian Asset Management LLC now owns 38,664 shares of the auto manufacturer’s stock worth $450,000 after acquiring an additional 21,879 shares in the last quarter. Excalibur Management Corp raised its stake in Ford Motor by 22.3% during the 1st quarter. Excalibur Management Corp now owns 46,354 shares of the auto manufacturer’s stock worth $540,000 after acquiring an additional 8,445 shares in the last quarter. Chickasaw Capital Management LLC raised its stake in Ford Motor by 26.2% during the 1st quarter. Chickasaw Capital Management LLC now owns 18,295 shares of the auto manufacturer’s stock worth $213,000 after acquiring an additional 3,800 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in Ford Motor by 4.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 504,112 shares of the auto manufacturer’s stock worth $5,868,000 after acquiring an additional 21,056 shares in the last quarter. Finally, Mycio Wealth Partners LLC raised its stake in Ford Motor by 6.2% during the 1st quarter. Mycio Wealth Partners LLC now owns 48,205 shares of the auto manufacturer’s stock worth $561,000 after acquiring an additional 2,816 shares in the last quarter. Institutional investors and hedge funds own 54.34% of the company’s stock.
About Ford Motor
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.
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