Ford Motor Company (F) Rating Reiterated by FIG Partners
Ford Motor Company (NYSE:F)‘s stock had its “hold” rating reaffirmed by FIG Partners in a report issued on Monday.
Several other equities research analysts have also weighed in on the stock. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 target price on the stock in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of Ford Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Standpoint Research upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. Finally, Wolfe Research started coverage on shares of Ford Motor in a report on Tuesday, June 13th. They issued a “market perform” rating on the stock. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the stock. Ford Motor currently has an average rating of “Hold” and a consensus target price of $12.46.
Ford Motor (NYSE F) traded up 0.24% during trading on Monday, reaching $12.34. 28,920,836 shares of the company’s stock traded hands. The company has a market cap of $49.01 billion, a P/E ratio of 12.99 and a beta of 1.12. Ford Motor has a 12 month low of $10.47 and a 12 month high of $13.27. The firm’s 50 day moving average is $11.49 and its 200 day moving average is $11.29.
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. 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 analyst estimates of $37.22 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Ford Motor’s revenue was down .5% compared to the same quarter last year. Analysts anticipate that Ford Motor will post $1.75 EPS for the current year.
In other news, insider Steven R. Armstrong sold 22,076 shares of Ford Motor stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction dated Thursday, August 3rd. The shares were 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 of the company’s stock, valued at approximately $110. 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 owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in F. BlackRock Inc. grew its position in shares of Ford Motor by 2,991.4% in the 1st quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock valued at $2,665,619,000 after acquiring an additional 221,597,419 shares during the period. Pzena Investment Management LLC grew its position in shares of Ford Motor by 38.4% in the 2nd quarter. Pzena Investment Management LLC now owns 23,812,718 shares of the auto manufacturer’s stock valued at $266,464,000 after acquiring an additional 6,611,425 shares during the period. Vanguard Group Inc. grew its position in shares of Ford Motor by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock valued at $3,048,866,000 after acquiring an additional 6,013,577 shares during the period. 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 valued at $981,407,000 after acquiring an additional 4,706,379 shares during the period. Finally, Morgan Stanley grew its position in shares of Ford Motor by 11.5% in the 1st quarter. Morgan Stanley now owns 39,103,837 shares of the auto manufacturer’s stock valued at $455,168,000 after acquiring an additional 4,040,717 shares during the period. 54.35% of the stock is owned by 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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