Royal Bank Of Canada Reiterates “Sector Perform” Rating for Ford Motor Company (F)
Ford Motor Company (NYSE:F)‘s stock had its “sector perform” rating reissued by equities research analysts at Royal Bank Of Canada in a report released on Monday. They currently have a $13.00 price target on the auto manufacturer’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 5.95% from the stock’s previous close.
Several other research firms have also recently commented on F. Standpoint Research raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. FIG Partners reaffirmed a “hold” rating on shares of Ford Motor in a research report on Monday, October 9th. TheStreet raised shares of Ford Motor from a “c+” rating to a “b-” rating in a research report on Thursday, October 5th. Vetr raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $13.34 price objective on the stock in a research report on Wednesday, October 4th. Finally, Barclays PLC cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $12.12 to $14.00 in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $12.44.
Shares of Ford Motor (F) opened at 12.27 on Monday. The company has a market capitalization of $48.73 billion, a price-to-earnings ratio of 12.92 and a beta of 1.12. The stock has a 50 day moving average of $11.74 and a 200-day moving average of $11.30. Ford Motor has a one year low of $10.47 and a one year high of $13.27.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. On average, equities analysts expect that Ford Motor will post $1.76 earnings per share for the current year.
In related news, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the transaction, the vice president now owns 10 shares in the company, valued at approximately $110. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Steven R. Armstrong sold 22,076 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were 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 quarter, insiders sold 217,700 shares of company stock worth $2,486,044. 1.08% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Balentine LLC grew its position in shares of Ford Motor by 2.6% during the 1st quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 231 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Ford Motor during the 2nd quarter worth approximately $106,000. Archford Capital Strategies LLC grew its position in shares of Ford Motor by 7.8% during the 1st quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after purchasing an additional 676 shares in the last quarter. Reilly Financial Advisors LLC grew its position in shares of Ford Motor by 1.5% during the 2nd quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after purchasing an additional 150 shares in the last quarter. Finally, Kelman Lazarov Inc. acquired a new position in shares of Ford Motor during the 2nd quarter worth approximately $116,000. Institutional investors and hedge funds own 54.33% 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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