Ford Motor Company (NYSE:F) Lowered to “Neutral” at Instinet

Ford Motor Company (NYSE:F) was downgraded by Instinet from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, August 9th. They presently have a $11.60 target price on the auto manufacturer’s stock, down from their previous target price of $14.80. Instinet’s price target would suggest a potential upside of 9.85% from the stock’s previous close.

Several other analysts have also commented on F. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price target on the stock. in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Nomura restated a “buy” rating and set a $14.80 price target on shares of Ford Motor in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Ford Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 24th. Finally, Wolfe Research started coverage on shares of Ford Motor in a research report on Tuesday, June 13th. They set a “market perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $12.60.

Shares of Ford Motor (NYSE:F) traded down 0.75% during midday trading on Wednesday, hitting $10.56. 43,998,743 shares of the stock were exchanged. Ford Motor has a 12 month low of $10.47 and a 12 month high of $13.27. The stock has a market cap of $41.94 billion, a price-to-earnings ratio of 11.12 and a beta of 1.11. The firm’s 50-day moving average is $11.19 and its 200-day moving average is $11.53.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter last year, the company posted $0.52 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Equities research analysts predict that Ford Motor will post $1.75 earnings per share for the current year.

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In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. Following the transaction, the insider now directly owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the transaction, the vice president now directly owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. 1.08% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of F. Toronto Dominion Bank increased its stake in Ford Motor by 16.3% in the second quarter. Toronto Dominion Bank now owns 1,924,487 shares of the auto manufacturer’s stock worth $21,531,000 after buying an additional 270,074 shares during the period. Beaton Management Co. Inc. bought a new stake in Ford Motor during the second quarter worth about $320,000. Gofen & Glossberg LLC IL increased its stake in Ford Motor by 18.0% in the second quarter. Gofen & Glossberg LLC IL now owns 14,783 shares of the auto manufacturer’s stock worth $165,000 after buying an additional 2,250 shares during the period. Public Employees Retirement System of Ohio increased its stake in Ford Motor by 2.5% in the second quarter. Public Employees Retirement System of Ohio now owns 2,667,239 shares of the auto manufacturer’s stock worth $29,846,000 after buying an additional 66,026 shares during the period. Finally, Colony Group LLC bought a new stake in Ford Motor during the second quarter worth about $125,000. 55.38% of the stock is currently owned by institutional investors.

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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