Ford Motor Company (F) Upgraded to Buy by Standpoint Research
Ford Motor Company (NYSE:F) was upgraded by Standpoint Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday.
A number of other equities analysts have also recently commented on the stock. ValuEngine raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Monday. Vetr cut 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 report on Wednesday, September 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $13.00 price objective on shares of Ford Motor in a report on Monday, September 18th. Jefferies Group LLC reaffirmed a “hold” rating and set a $12.00 price objective on shares of Ford Motor in a report on Sunday, September 10th. Finally, BidaskClub upgraded shares of Ford Motor from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $12.45.
Ford Motor (F) traded up 0.65% during mid-day trading on Wednesday, reaching $12.42. The company had a trading volume of 23,766,033 shares. The stock has a market capitalization of $49.33 billion, a P/E ratio of 13.07 and a beta of 1.12. The stock has a 50 day moving average price of $11.36 and a 200-day moving average price of $11.27. Ford Motor has a 12-month low of $10.47 and a 12-month high of $13.27.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. Equities analysts anticipate that Ford Motor will post $1.76 EPS for the current fiscal year.
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In other Ford Motor news, insider Joseph R. Hinrichs sold 40,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total value of $453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares in the company, valued at approximately $6,037,812.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hau N. Thai-Tang sold 25,000 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $12.00, for a total transaction of $300,000.00. Following the completion of the transaction, the insider now owns 51,358 shares of the company’s stock, valued at $616,296. The disclosure for this sale can be found here. Insiders have sold a total of 195,624 shares of company stock valued at $2,212,964 in the last ninety days. 1.08% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in F. Vanguard Group Inc. increased its position in shares of Ford Motor by 1.0% during the second quarter. Vanguard Group Inc. now owns 264,421,059 shares of the auto manufacturer’s stock valued at $2,958,871,000 after buying an additional 2,491,009 shares during the period. BlackRock Inc. lifted its holdings in Ford Motor by 2.4% in the second quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock worth $2,624,814,000 after buying an additional 5,562,630 shares during the period. State Street Corp lifted its holdings in Ford Motor by 2.5% in the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock worth $1,896,009,000 after buying an additional 3,999,705 shares during the period. Franklin Resources Inc. lifted its holdings in Ford Motor by 5.7% in the second quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock worth $981,407,000 after buying an additional 4,706,379 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Ford Motor by 0.5% in the first quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock worth $881,979,000 after buying an additional 391,692 shares during the period. 54.35% of the stock is currently owned by hedge funds and other institutional investors.
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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