Ford Motor Company (F) Stock Rating Lowered by Vetr Inc.
Ford Motor Company (NYSE:F) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday. They presently have a $12.60 target price on the auto manufacturer’s stock. Vetr‘s price objective indicates a potential upside of 2.36% from the company’s current price.
F has been the topic of several other research reports. BidaskClub lowered shares of Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Royal Bank Of Canada restated a “buy” rating and issued a $13.00 price target on shares of Ford Motor in a report on Monday, September 18th. Piper Jaffray Companies restated a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a report on Friday, July 28th. Finally, Bank of America Corporation restated a “buy” rating and issued a $12.50 price target (down previously from $14.00) on shares of Ford Motor in a report on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $12.46.
Shares of Ford Motor (NYSE F) opened at 12.31 on Friday. The stock has a market capitalization of $48.89 billion, a P/E ratio of 12.96 and a beta of 1.12. The stock has a 50 day moving average of $11.49 and a 200-day moving average of $11.29. Ford Motor has a 1-year low of $10.47 and a 1-year high of $13.27.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. During the same period last year, the company earned $0.52 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts predict that Ford Motor will post $1.75 earnings per share for the current fiscal year.
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In other Ford Motor news, VP John T. Lawler sold 80,624 shares of Ford Motor 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 completion of the transaction, the vice president now owns 10 shares of the company’s stock, valued at $110. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven R. Armstrong sold 22,076 shares of Ford Motor stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total transaction of $273,080.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 217,700 shares of company stock valued at $2,486,044. 1.08% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Ford Motor by 1.0% in the second quarter. Vanguard Group Inc. now owns 264,421,059 shares of the auto manufacturer’s stock worth $2,958,871,000 after purchasing an additional 2,491,009 shares during the period. BlackRock Inc. boosted its holdings in Ford Motor by 2.4% in the second quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock worth $2,624,814,000 after purchasing an additional 5,562,630 shares during the period. State Street Corp boosted its holdings in Ford Motor by 2.5% in the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock worth $1,896,009,000 after purchasing an additional 3,999,705 shares during the period. Franklin Resources Inc. boosted its holdings in Ford Motor by 5.7% in the second quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock worth $981,407,000 after purchasing an additional 4,706,379 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Ford Motor by 0.5% in the first quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock worth $881,979,000 after purchasing an additional 391,692 shares during the period. 54.35% of the stock is owned by hedge funds and other institutional investors.
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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