Ford Motor Co. (NYSE:F) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $13.77 price target on the auto manufacturer’s stock. Vetr‘s target price would suggest a potential upside of 15.13% from the stock’s previous close.
A number of other research firms have also commented on F. Deutsche Bank AG reissued a “hold” rating and issued a $14.00 price objective on shares of Ford Motor in a research note on Wednesday, August 17th. Goldman Sachs Group Inc. set a $15.00 price objective on Ford Motor and gave the stock a “buy” rating in a research note on Thursday, July 7th. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Ford Motor in a research note on Monday, September 12th. Finally, Credit Agricole SA set a $13.00 price objective on Ford Motor and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.06.
Shares of Ford Motor (NYSE:F) opened at 11.96 on Tuesday. The firm’s 50-day moving average price is $12.28 and its 200-day moving average price is $12.87. Ford Motor has a 12 month low of $11.02 and a 12 month high of $15.84. The firm has a market capitalization of $47.52 billion, a price-to-earnings ratio of 5.64 and a beta of 1.27.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The company earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. Ford Motor’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS. On average, equities analysts anticipate that Ford Motor will post $1.82 earnings per share for the current year.
In other Ford Motor news, insider Sankar S. Nair sold 82,000 shares of the company’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 owns 32,969 shares in the company, valued at $399,254.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Lechleiter acquired 5,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was acquired at an average price of $12.26 per share, for a total transaction 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 disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. raised its stake in Ford Motor by 21.5% in the second quarter. 1832 Asset Management L.P. now owns 7,900 shares of the auto manufacturer’s stock valued at $100,000 after buying an additional 1,400 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in Ford Motor during the first quarter valued at about $104,000. Balentine LLC acquired a new stake in Ford Motor during the second quarter valued at about $109,000. Bellwether Investment Group LLC acquired a new stake in Ford Motor during the second quarter valued at about $109,000. Finally, Hudock Capital Group LLC raised its stake in Ford Motor by 14.9% in the second quarter. Hudock Capital Group LLC now owns 9,250 shares of the auto manufacturer’s stock valued at $116,000 after buying an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 56.05% of the company’s stock.
Ford Motor Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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