Ford Motor (F) Coverage Initiated at Seaport Global Securities

Investment analysts at Seaport Global Securities began coverage on shares of Ford Motor (NYSE:F) in a research note issued on Wednesday, The Fly reports. The brokerage set a “neutral” rating on the auto manufacturer’s stock. The analysts noted that the move was a valuation call.

Several other brokerages have also recently issued reports on F. Buckingham Research reduced their price objective on Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $8.50 target price on shares of Ford Motor in a report on Monday, January 7th. Deutsche Bank started coverage on Ford Motor in a report on Thursday, December 13th. They set a “buy” rating on the stock. Nomura dropped their target price on Ford Motor from $9.00 to $8.10 and set a “neutral” rating on the stock in a report on Tuesday, October 30th. Finally, Bank of America dropped their target price on Ford Motor from $12.50 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $10.50.

Ford Motor stock opened at $8.46 on Wednesday. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.19 and a quick ratio of 1.07. Ford Motor has a one year low of $7.41 and a one year high of $12.15. The stock has a market capitalization of $33.34 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 0.77 and a beta of 1.04.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, January 23rd. The auto manufacturer reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. Ford Motor had a return on equity of 14.38% and a net margin of 2.29%. The company had revenue of $38.70 billion during the quarter, compared to analysts’ expectations of $36.83 billion. During the same period last year, the business posted $0.39 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. As a group, equities analysts predict that Ford Motor will post 1.2 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in Ford Motor by 39.0% during the second quarter. Advisors Asset Management Inc. now owns 1,310,338 shares of the auto manufacturer’s stock worth $14,505,000 after buying an additional 367,869 shares in the last quarter. Andra AP fonden raised its position in Ford Motor by 39.9% in the third quarter. Andra AP fonden now owns 567,600 shares of the auto manufacturer’s stock valued at $5,250,000 after purchasing an additional 162,000 shares during the period. Raymond James Trust N.A. raised its position in Ford Motor by 13.1% in the third quarter. Raymond James Trust N.A. now owns 58,441 shares of the auto manufacturer’s stock valued at $541,000 after purchasing an additional 6,762 shares during the period. Greenhaven Associates Inc. raised its position in Ford Motor by 1.0% in the third quarter. Greenhaven Associates Inc. now owns 33,038,548 shares of the auto manufacturer’s stock valued at $305,607,000 after purchasing an additional 316,000 shares during the period. Finally, Oakbrook Investments LLC raised its position in Ford Motor by 1,311.2% in the third quarter. Oakbrook Investments LLC now owns 146,760 shares of the auto manufacturer’s stock valued at $1,358,000 after purchasing an additional 136,360 shares during the period. Institutional investors and hedge funds own 54.13% of the company’s stock.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.

See Also: Risk Tolerance

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Analyst Recommendations for Ford Motor (NYSE:F)

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