Ford Motor (NYSE:F) Rating Increased to Strong-Buy at Zacks Research

Ford Motor (NYSE:F) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. Bank of America lifted their target price on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. TD Cowen decreased their target price on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Wells Fargo & Company upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. Finally, The Goldman Sachs Group increased their price target on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average target price of $14.70.

Ford Motor Stock Down 1.9%

Shares of F opened at $13.57 on Monday. Ford Motor has a 52-week low of $10.68 and a 52-week high of $17.78. The company has a market cap of $54.06 billion, a PE ratio of -8.75, a P/E/G ratio of 0.30 and a beta of 1.82. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The business has a fifty day moving average of $14.02 and a 200 day moving average of $13.37.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. On average, sell-side analysts expect that Ford Motor will post 1.64 EPS for the current year.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently modified their holdings of the company. Grove Bank & Trust increased its position in shares of Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. MV Capital Management Inc. purchased a new stake in Ford Motor during the 4th quarter worth about $25,000. McMillan Office Inc. purchased a new position in shares of Ford Motor in the 4th quarter valued at $26,000. Olistico Wealth LLC acquired a new stake in shares of Ford Motor during the fourth quarter worth $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Ford Motor during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Trending Headlines about Ford Motor

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: Ford and Micron signed a long-term semiconductor supply agreement for Ford’s next-generation vehicles, which should help secure memory and storage components for future production and may support the company’s software-driven vehicle plans. Micron, Ford sign semiconductor supply agreement for vehicles
• Positive Sentiment: Ford received a Zacks Rank #2 (Buy) upgrade, reflecting improving earnings expectations and near-term optimism about the stock. All You Need to Know About Ford Motor (F) Rating Upgrade to Buy
• Neutral Sentiment: Analysts continue to rate Ford at an average “Hold,” suggesting the stock still faces balanced views from Wall Street. Ford Motor Company (NYSE:F) Given Average Recommendation of “Hold” by Analysts
• Negative Sentiment: Ford announced a recall of more than 110,000 Mustang, Mustang GTD and Mustang Mach-E vehicles due to windshield wiper and rear drivetrain defects, raising safety and liability concerns. Ford to recall over 110,000 US vehicles over wiper, pinion shaft issues, NHTSA says
• Negative Sentiment: Ford is also dealing with weakness in its EV business, with reports that sales of its flagship EVs fell sharply and the company is resetting EV plans after a sales slump and supplier disruption. Ford (F) Resets EV Plans After Sales Slump And Supplier Fire

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.