Several other equities research analysts have also issued reports on F. BidaskClub lowered shares of Ford Motor from a sell rating to a strong sell rating in a research report on Thursday, August 10th. Vetr lowered shares of Ford Motor from a buy rating to a hold rating and set a $12.60 target price for the company. in a research report on Friday, October 6th. TheStreet upgraded shares of Ford Motor from a c+ rating to a b- rating in a research report on Thursday, October 5th. Nomura reiterated a neutral rating and set a $11.60 target price (down from $14.00) on shares of Ford Motor in a research report on Friday, August 4th. Finally, ValuEngine upgraded shares of Ford Motor from a hold rating to a buy rating in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the stock. Ford Motor presently has an average rating of Hold and a consensus price target of $12.46.
Ford Motor (NYSE F) traded down 0.89% during trading on Monday, reaching $12.27. 7,859,766 shares of the company were exchanged. Ford Motor has a one year low of $10.47 and a one year high of $13.27. The company has a market capitalization of $48.73 billion, a P/E ratio of 12.92 and a beta of 1.12. The firm’s 50-day moving average is $11.64 and its 200 day moving average is $11.30.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. During the same period in the previous year, the business posted $0.52 earnings per share. Ford Motor’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts anticipate that Ford Motor will post $1.75 EPS for the current fiscal year.
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In other news, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the sale, the vice president now owns 10 shares in the company, valued at approximately $110. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steven R. Armstrong sold 22,076 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total transaction of $273,080.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 217,700 shares of company stock worth $2,486,044. Company insiders own 1.08% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Bridgewater Associates LP bought a new stake in shares of Ford Motor during the 1st quarter valued at $2,342,000. Mathes Company Inc. bought a new stake in shares of Ford Motor during the 2nd quarter valued at $571,000. CWA Asset Management Group LLC bought a new stake in shares of Ford Motor during the 1st quarter valued at $122,000. AE Wealth Management LLC boosted its holdings in shares of Ford Motor by 37.5% during the 1st quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock valued at $1,990,000 after buying an additional 46,598 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in shares of Ford Motor by 133.0% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock valued at $6,805,000 after buying an additional 333,821 shares in the last quarter. Hedge funds and other institutional investors own 54.35% of the company’s stock.
About Ford Motor
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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