Ford Motor Company (F) Rating Increased to Buy at ValuEngine
ValuEngine upgraded shares of Ford Motor Company (NYSE:F) from a hold rating to a buy rating in a report published on Monday morning.
Other research analysts also recently issued research reports about the company. Vetr downgraded Ford Motor from a strong-buy rating to a buy rating and set a $12.78 price target for the company. in a research note on Tuesday, July 4th. Berenberg Bank set a $10.00 price target on Ford Motor and gave the stock a sell rating in a research note on Monday, June 12th. Guggenheim assumed coverage on Ford Motor in a research note on Wednesday, June 21st. They set a neutral rating and a $13.00 price target for the company. Buckingham Research reiterated a hold rating and set a $11.00 price target on shares of Ford Motor in a research note on Thursday, August 24th. Finally, Bank of America Corporation reiterated a buy rating and set a $12.50 price target (down previously from $14.00) on shares of Ford Motor in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Ford Motor presently has a consensus rating of Hold and an average price target of $12.46.
Shares of Ford Motor (NYSE:F) traded up 0.367% during midday trading on Monday, reaching $12.295. The company’s stock had a trading volume of 21,927,643 shares. The firm has a 50-day moving average of $11.44 and a 200-day moving average of $11.29. Ford Motor has a one year low of $10.47 and a one year high of $13.27. The stock has a market cap of $48.83 billion, a PE ratio of 12.942 and a beta of 1.12. Ford Motor also was the recipient of some unusual options trading on Wednesday. Investors purchased 49,559 call options on the company. This represents an increase of approximately 160% compared to the average daily volume of 19,065 call options.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.13. The firm had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. On average, analysts forecast that Ford Motor will post $1.75 EPS for the current year.
In other news, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction that occurred on Thursday, August 3rd. The stock was 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 filing with the SEC, which is available through this link. Also, insider Steven R. Armstrong sold 22,076 shares of Ford Motor stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total value of $273,080.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,700 shares of company stock worth $2,486,044. 1.08% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Ford Motor by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 264,421,059 shares of the auto manufacturer’s stock worth $2,958,871,000 after buying an additional 2,491,009 shares during the last quarter. BlackRock Inc. grew its position in shares of Ford Motor by 2.4% in the 2nd quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock worth $2,624,814,000 after buying an additional 5,562,630 shares during the last quarter. State Street Corp grew its position in shares of Ford Motor by 2.5% in the 1st quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock worth $1,896,009,000 after buying an additional 3,999,705 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Ford Motor by 5.7% in the 2nd quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock worth $981,407,000 after buying an additional 4,706,379 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Ford Motor by 0.5% in the 1st quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock worth $881,979,000 after buying an additional 391,692 shares during the last quarter. Hedge funds and other institutional investors own 54.35% of the company’s stock.
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.
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