Ford Motor Co. (F) Coverage Initiated at Nomura
Stock analysts at Nomura initiated coverage on shares of Ford Motor Co. (NYSE:F) in a note issued to investors 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.
F has been the subject of a number of other reports. Jefferies Group restated a “sell” rating and set a $10.00 target price on shares of Ford Motor in a report on Wednesday, August 17th. JPMorgan Chase & Co. restated a “buy” rating on shares of Ford Motor in a research report on Wednesday, June 1st. Rodman & Renshaw began coverage on shares of Ford Motor in a research report on Monday, July 18th. They issued a “buy” rating for the company. Piper Jaffray Cos. began coverage on shares of Ford Motor in a research report on Thursday, June 9th. They issued an “overweight” rating and a $17.00 price target for the company. Finally, Vetr downgraded shares of Ford Motor from a “buy” rating to a “hold” rating and set a $13.46 price target for the company. in a research report on Monday, July 11th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Ford Motor presently has an average rating of “Hold” and an average price target of $14.07.
Ford Motor (NYSE:F) opened at 12.09 on Tuesday. The stock has a market cap of $48.04 billion, a PE ratio of 5.70 and a beta of 1.30. The company’s 50-day moving average price is $12.35 and its 200-day moving average price is $13.00. Ford Motor has a 12-month low of $11.02 and a 12-month high of $15.84.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. The business had revenue of $39.50 million for the quarter, compared to the consensus estimate of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 earnings per share. On average, equities analysts expect that Ford Motor will post $1.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, July 28th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, July 26th. This represents a $0.60 annualized dividend and a dividend yield of 4.96%. Ford Motor’s dividend payout ratio (DPR) is currently 29.27%.
In other Ford Motor news, Director John C. Lechleiter bought 5,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the transaction, 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 available at this hyperlink. Insiders own 1.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC purchased a new position in shares of Ford Motor during the first quarter valued at about $104,000. 1832 Asset Management L.P. increased its position in shares of Ford Motor by 21.5% in the second quarter. 1832 Asset Management L.P. now owns 7,900 shares of the auto manufacturer’s stock valued at $100,000 after buying an additional 1,400 shares in the last quarter. Bellwether Investment Group LLC purchased a new position in shares of Ford Motor during the second quarter valued at about $109,000. Balentine LLC purchased a new position in shares of Ford Motor during the second quarter valued at about $109,000. Finally, Lazard Asset Management LLC increased its position in shares of Ford Motor by 34.9% in the first quarter. Lazard Asset Management LLC now owns 9,170 shares of the auto manufacturer’s stock valued at $123,000 after buying an additional 2,370 shares in the last quarter. Institutional investors and hedge funds own 56.06% of the company’s stock.
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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