Ford Motor (F) Earns Buy Rating from Analysts at Deutsche Bank
Deutsche Bank began coverage on shares of Ford Motor (NYSE:F) in a research note issued to investors on Thursday, The Fly reports. The firm issued a buy rating on the auto manufacturer’s stock.
A number of other equities analysts have also recently issued reports on the company. Citigroup cut their price target on Ford Motor from $10.50 to $9.90 and set a neutral rating on the stock in a report on Monday, September 10th. Buckingham Research cut their price target on Ford Motor from $10.00 to $9.00 and set a neutral rating on the stock in a report on Thursday, October 25th. Barclays cut their price target on Ford Motor from $12.00 to $11.00 and set an equal weight rating on the stock in a report on Wednesday, September 26th. Nomura cut their price target on Ford Motor from $9.00 to $8.10 and set a neutral rating on the stock in a report on Tuesday, October 30th. Finally, Bank of America cut their price target on Ford Motor from $12.50 to $10.00 and set a neutral rating on the stock in a report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $11.27.
Shares of F stock opened at $8.52 on Thursday. Ford Motor has a one year low of $8.17 and a one year high of $13.48. The company has a market capitalization of $33.85 billion, a P/E ratio of 4.79, a P/E/G ratio of 1.19 and a beta of 0.68. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 2.80.
The company also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Tuesday, October 23rd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date was Monday, October 22nd. Ford Motor’s dividend payout ratio is currently 33.71%.
In related news, VP Steven R. Armstrong sold 13,000 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $9.54, for a total value of $124,020.00. Following the transaction, the vice president now directly owns 94,527 shares in the company, valued at approximately $901,787.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ray T. Charley bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average price of $12.90 per share, for a total transaction of $51,600.00. The disclosure for this purchase can be found here. 0.95% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC raised its position in Ford Motor by 1,945.1% in the 2nd quarter. Acadian Asset Management LLC now owns 15,747 shares of the auto manufacturer’s stock valued at $175,000 after buying an additional 14,977 shares during the last quarter. Sei Investments Co. raised its position in Ford Motor by 39.1% in the 2nd quarter. Sei Investments Co. now owns 427,089 shares of the auto manufacturer’s stock valued at $4,728,000 after buying an additional 119,979 shares during the last quarter. Toronto Dominion Bank raised its position in Ford Motor by 28.8% in the 2nd quarter. Toronto Dominion Bank now owns 2,795,672 shares of the auto manufacturer’s stock valued at $30,941,000 after buying an additional 624,911 shares during the last quarter. Greenleaf Trust raised its position in Ford Motor by 85.4% in the 2nd quarter. Greenleaf Trust now owns 52,833 shares of the auto manufacturer’s stock valued at $585,000 after buying an additional 24,337 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Ford Motor by 211.3% during the 2nd quarter. SG Americas Securities LLC now owns 1,661,131 shares of the auto manufacturer’s stock valued at $18,389,000 after purchasing an additional 1,127,504 shares during the last quarter. Institutional investors own 54.07% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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