Ford Motor Co. (NYSE:F) – Stock analysts at Jefferies Group issued their Q3 2016 earnings estimates for Ford Motor in a research note issued to investors on Friday. Jefferies Group analyst P. Houchois forecasts that the brokerage will post earnings of $0.23 per share for the quarter. Jefferies Group currently has a “Sell” rating on the stock. Jefferies Group also issued estimates for Ford Motor’s FY2016 earnings at $1.81 EPS.
F has been the subject of several other reports. JPMorgan Chase & Co. lowered their price target on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, July 29th. Deutsche Bank AG restated a “hold” rating and set a $13.00 price target on shares of Ford Motor in a research report on Friday, September 16th. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 price target for the company in a research report on Monday, June 27th. Barclays PLC restated an “equal weight” rating and set a $12.00 price target on shares of Ford Motor in a research report on Monday, September 12th. Finally, Goldman Sachs Group Inc. set a $15.00 price target on Ford Motor and gave the stock a “buy” rating in a research report on Thursday, July 7th. Five analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ford Motor currently has a consensus rating of “Hold” and an average target price of $14.03.
Ford Motor (NYSE:F) opened at 12.12 on Monday. The firm has a market capitalization of $48.16 billion, a price-to-earnings ratio of 5.72 and a beta of 1.27. Ford Motor has a 12 month low of $11.02 and a 12 month high of $15.84. The company’s 50-day moving average price is $12.30 and its 200 day moving average price is $12.89.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The business had revenue of $39.50 million for the quarter, compared to analyst estimates of $36.29 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis.
Several large investors have recently made changes to their positions in F. Mount Lucas Management LP raised its stake in shares of Ford Motor by 60.3% in the first quarter. Mount Lucas Management LP now owns 1,885,747 shares of the auto manufacturer’s stock valued at $25,458,000 after buying an additional 709,103 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of Ford Motor by 1.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,838,615 shares of the auto manufacturer’s stock valued at $78,821,000 after buying an additional 72,800 shares during the period. Legal & General Group Plc raised its stake in shares of Ford Motor by 3.3% in the first quarter. Legal & General Group Plc now owns 18,761,433 shares of the auto manufacturer’s stock valued at $253,250,000 after buying an additional 597,065 shares during the period. Natixis raised its stake in shares of Ford Motor by 1,101.7% in the first quarter. Natixis now owns 4,883,711 shares of the auto manufacturer’s stock valued at $65,930,000 after buying an additional 4,477,314 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in shares of Ford Motor by 38.8% in the first quarter. Nuveen Asset Management LLC now owns 2,147,045 shares of the auto manufacturer’s stock valued at $28,986,000 after buying an additional 600,568 shares during the period. 56.05% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director John C. Lechleiter purchased 5,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were acquired at an average price of $12.26 per share, with a total value of $61,300.00. Following the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at $306,500. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sankar S. Nair sold 82,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following the sale, the insider now directly owns 32,969 shares in the company, valued at approximately $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
About Ford Motor
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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