Ford Motor Co. (F) Coverage Initiated at Nomura
Equities researchers at Nomura began coverage on shares of Ford Motor Co. (NYSE:F) in a research note issued on Tuesday. The firm set a “buy” rating and a $14.00 price target on the auto manufacturer’s stock. Nomura’s price objective points to a potential upside of 15.80% from the stock’s previous close.
Several other brokerages also recently weighed in on F. Deutsche Bank AG reiterated a “hold” rating and issued a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, August 17th. Goldman Sachs Group Inc. set a $15.00 price objective on Ford Motor and gave the company a “buy” rating in a research report on Thursday, July 7th. Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Citigroup Inc. reiterated a “buy” rating on shares of Ford Motor in a research report on Tuesday, May 31st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ford Motor in a research report on Monday, September 12th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Ford Motor has an average rating of “Hold” and a consensus price target of $14.07.
Shares of Ford Motor (NYSE:F) opened at 12.09 on Tuesday. Ford Motor has a 52-week low of $11.02 and a 52-week high of $15.84. The company has a 50-day moving average of $12.35 and a 200 day moving average of $13.00. The firm has a market cap of $48.04 billion, a P/E ratio of 5.70 and a beta of 1.30.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The company earned $39.50 million during the quarter, compared to the consensus estimate of $36.29 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Ford Motor will post $1.82 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend was Tuesday, July 26th. Ford Motor’s dividend payout ratio is 29.27%.
In other news, Director John C. Lechleiter bought 5,000 shares of the stock in a transaction on Monday, August 8th. The shares were bought at an average price of $12.26 per share, with a total value of $61,300.00. Following the completion of the acquisition, the director now owns 25,000 shares in the company, valued at $306,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of F. Nicolet Bankshares Inc. increased its position in Ford Motor by 0.4% in the first quarter. Nicolet Bankshares Inc. now owns 23,404 shares of the auto manufacturer’s stock valued at $316,000 after buying an additional 100 shares during the period. Coastline Trust Co increased its position in Ford Motor by 10.3% in the first quarter. Coastline Trust Co now owns 64,225 shares of the auto manufacturer’s stock valued at $867,000 after buying an additional 6,000 shares during the period. Bridge Creek Capital Management LLC increased its position in Ford Motor by 1.8% in the first quarter. Bridge Creek Capital Management LLC now owns 192,343 shares of the auto manufacturer’s stock valued at $2,597,000 after buying an additional 3,325 shares during the period. Hoertkorn Richard Charles increased its position in Ford Motor by 8.2% in the first quarter. Hoertkorn Richard Charles now owns 152,409 shares of the auto manufacturer’s stock valued at $2,058,000 after buying an additional 11,500 shares during the period. Finally, Culbertson A N & Co. Inc. bought a new position in Ford Motor during the first quarter valued at approximately $697,000. 56.06% of the stock is currently owned by hedge funds and other institutional investors.
About Ford Motor
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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