Ford Motor’s (F) “Sell” Rating Reaffirmed at Morgan Stanley

Ford Motor Company (NYSE:F)‘s stock had its “sell” rating restated by analysts at Morgan Stanley in a research report issued on Tuesday. They presently have a $10.00 target price on the auto manufacturer’s stock, up from their previous target price of $9.00. Morgan Stanley’s target price would suggest a potential downside of 17.36% from the stock’s previous close.

Several other research firms also recently commented on F. Nomura downgraded shares of Ford Motor to a “hold” rating in a report on Saturday, August 5th. BidaskClub raised shares of Ford Motor from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price objective on the stock in a report on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating on shares of Ford Motor in a report on Tuesday, August 15th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $12.00 price target on shares of Ford Motor in a report on Sunday, September 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $12.60.

Shares of Ford Motor (F) traded up 1.40% during midday trading on Tuesday, reaching $12.27. 20,910,104 shares of the company traded hands. The company has a 50 day moving average price of $12.01 and a 200 day moving average price of $11.37. Ford Motor has a 1-year low of $10.47 and a 1-year high of $13.27. The company has a market capitalization of $48.73 billion, a PE ratio of 12.92 and a beta of 1.12.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The business had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same quarter in the prior year, the business posted $0.26 EPS. Ford Motor’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect that Ford Motor will post $1.80 earnings per share for the current year.

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In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the transaction, the vice president now owns 10 shares of the company’s stock, valued at $110. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total transaction of $453,600.00. Following the transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,700 shares of company stock valued at $2,486,044. 1.08% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Balentine LLC boosted its stake in shares of Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after purchasing an additional 231 shares during the period. Captrust Financial Advisors purchased a new position in shares of Ford Motor in the second quarter valued at approximately $106,000. Archford Capital Strategies LLC boosted its stake in shares of Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after purchasing an additional 676 shares during the period. Reilly Financial Advisors LLC boosted its stake in shares of Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after purchasing an additional 150 shares during the period. Finally, Kelman Lazarov Inc. purchased a new position in shares of Ford Motor in the second quarter valued at approximately $116,000. 54.22% of the stock is owned by institutional investors and hedge funds.

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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