Zacks Investment Research upgraded shares of Ford Motor (NYSE:F) from a hold rating to a buy rating in a research note published on Tuesday. They currently have $14.00 price objective on the auto manufacturer’s stock.
According to Zacks, “Ford is expanding its production capacity in many emerging markets to facilitate supply, cost reduction and manage transportation challenges. It has been making quite a large amount of investment for the development of next generation cars, which can be beneficial in the long-run but, are likely to create short-term strains on the financials of the company. Also, frequent product recalls and rising structural expenses are other issues faced by the company. Year to date, Ford has underperformed the industry it belongs to.”
Several other equities research analysts have also commented on F. Vetr lowered shares of Ford Motor from a buy rating to a hold rating and set a $12.34 price objective on the stock. in a research note on Wednesday, September 27th. Royal Bank of Canada reaffirmed a hold rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, December 20th. FIG Partners reaffirmed a hold rating on shares of Ford Motor in a report on Monday, October 9th. TheStreet raised shares of Ford Motor from a c+ rating to a b- rating in a report on Thursday, October 5th. Finally, Cascend Securities cut shares of Ford Motor to a buy rating in a report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. Ford Motor has a consensus rating of Hold and an average price target of $12.56.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, topping the 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 previous year, the firm posted $0.26 earnings per share. Ford Motor’s quarterly revenue was up .9% on a year-over-year basis. analysts expect that Ford Motor will post 1.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, October 23rd were issued a dividend of $0.15 per share. The ex-dividend date was Friday, October 20th. This represents a $0.60 annualized dividend and a dividend yield of 4.76%. Ford Motor’s payout ratio is 54.55%.
In other Ford Motor news, insider Hau N. Thai-Tang sold 19,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $12.50, for a total transaction of $237,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven R. Armstrong sold 10,752 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total transaction of $132,464.64. Following the sale, the insider now directly owns 101,159 shares of the company’s stock, valued at $1,246,278.88. The disclosure for this sale can be found here. Insiders have sold 51,828 shares of company stock valued at $643,045 over the last three months. 1.08% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors bought a new position in shares of Ford Motor in the second quarter worth approximately $106,000. Balentine LLC boosted its position in shares of Ford Motor by 4.0% in the second quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 365 shares during the period. Godsey & Gibb Associates bought a new position in shares of Ford Motor in the second quarter worth approximately $117,000. Brighton Jones LLC boosted its position in shares of Ford Motor by 40.3% in the third quarter. Brighton Jones LLC now owns 19,225 shares of the auto manufacturer’s stock worth $119,000 after purchasing an additional 5,518 shares during the period. Finally, Affinity Wealth Management boosted its position in shares of Ford Motor by 892.4% in the second quarter. Affinity Wealth Management now owns 107,575 shares of the auto manufacturer’s stock worth $120,000 after purchasing an additional 96,735 shares during the period. 53.61% 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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