Zacks Investment Research upgraded shares of Ford Motor (NYSE:F) from a hold rating to a buy rating in a research report released on Tuesday. They currently have $15.00 target price 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. In the past one year, Ford has underperformed the industry it belongs to.”
A number of other equities analysts also recently commented on the stock. Vetr raised shares of Ford Motor from a hold rating to a buy rating and set a $13.24 price objective for the company in a report on Friday, October 13th. Standpoint Research raised shares of Ford Motor from a hold rating to a buy rating in a report on Wednesday, October 4th. ValuEngine raised shares of Ford Motor from a hold rating to a buy rating in a report on Monday, October 2nd. Barclays downgraded shares of Ford Motor from an overweight rating to an equal weight rating and lifted their price objective for the stock from $12.12 to $14.00 in a report on Friday, October 13th. Finally, Citigroup lifted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock a neutral rating in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $12.62.
Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The firm had revenue of $33.65 billion during the quarter, compared to the consensus estimate of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. research analysts predict that Ford Motor will post 1.81 EPS for the current year.
In related news, insider Hau N. Thai-Tang sold 19,000 shares of Ford Motor stock in a transaction dated 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 SEC, which can be accessed through this link. Also, insider Hau N. Thai-Tang sold 18,000 shares of Ford Motor stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $13.00, for a total transaction of $234,000.00. Following the sale, the insider now owns 14,358 shares in the company, valued at $186,654. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,752 shares of company stock valued at $603,965. Corporate insiders own 1.08% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of F. Berson & Corrado Investment Advisors LLC raised its position in Ford Motor by 52.2% in the fourth quarter. Berson & Corrado Investment Advisors LLC now owns 21,715 shares of the auto manufacturer’s stock worth $271,000 after acquiring an additional 7,445 shares in the last quarter. DnB Asset Management AS raised its position in Ford Motor by 5.0% in the fourth quarter. DnB Asset Management AS now owns 395,692 shares of the auto manufacturer’s stock worth $4,942,000 after acquiring an additional 18,800 shares in the last quarter. Polianta Ltd bought a new stake in Ford Motor in the fourth quarter worth about $1,225,000. Oak Point Wealth Management bought a new stake in Ford Motor in the fourth quarter worth about $244,000. Finally, Parametric Portfolio Associates LLC raised its position in Ford Motor by 12.7% in the third quarter. Parametric Portfolio Associates LLC now owns 6,691,464 shares of the auto manufacturer’s stock worth $80,097,000 after acquiring an additional 752,818 shares in the last quarter. Institutional investors and hedge funds own 53.61% of the company’s stock.
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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