Ford Motor (NYSE:F) Stock Rating Upgraded by Zacks Research

Ford Motor (NYSE:F) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Morgan Stanley restated an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a report on Wednesday, May 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Citigroup raised their target price on shares of Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Wall Street Zen raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 price objective on shares of Ford Motor in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.70.

Ford Motor Price Performance

Ford Motor stock opened at $13.57 on Monday. The firm has a market capitalization of $54.06 billion, a PE ratio of -8.75, a P/E/G ratio of 0.30 and a beta of 1.82. Ford Motor has a 52 week low of $10.68 and a 52 week high of $17.78. The firm’s 50-day simple moving average is $14.02 and its 200 day simple moving average is $13.37. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. During the same quarter last year, the business posted $0.14 earnings per share. Ford Motor’s revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts predict that Ford Motor will post 1.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Ford Motor

Several institutional investors and hedge funds have recently made changes to their positions in F. Maripau Wealth Management LLC boosted its stake in Ford Motor by 1.6% during the 1st quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock valued at $538,000 after acquiring an additional 749 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Ford Motor by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock worth $144,000 after purchasing an additional 756 shares during the last quarter. Robertson Stephens Wealth Management LLC grew its stake in Ford Motor by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after purchasing an additional 761 shares in the last quarter. CRA Financial Services LLC increased its holdings in Ford Motor by 4.4% in the fourth quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock valued at $240,000 after buying an additional 775 shares during the last quarter. Finally, Southern Financial Group LLC lifted its stake in Ford Motor by 2.3% during the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer’s stock worth $401,000 after purchasing an additional 776 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Ford Motor

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: Ford and Micron signed a long-term semiconductor supply agreement for Ford’s next-generation vehicles, which should help secure memory and storage components for future production and may support the company’s software-driven vehicle plans. Micron, Ford sign semiconductor supply agreement for vehicles
• Positive Sentiment: Ford received a Zacks Rank #2 (Buy) upgrade, reflecting improving earnings expectations and near-term optimism about the stock. All You Need to Know About Ford Motor (F) Rating Upgrade to Buy
• Neutral Sentiment: Analysts continue to rate Ford at an average “Hold,” suggesting the stock still faces balanced views from Wall Street. Ford Motor Company (NYSE:F) Given Average Recommendation of “Hold” by Analysts
• Negative Sentiment: Ford announced a recall of more than 110,000 Mustang, Mustang GTD and Mustang Mach-E vehicles due to windshield wiper and rear drivetrain defects, raising safety and liability concerns. Ford to recall over 110,000 US vehicles over wiper, pinion shaft issues, NHTSA says
• Negative Sentiment: Ford is also dealing with weakness in its EV business, with reports that sales of its flagship EVs fell sharply and the company is resetting EV plans after a sales slump and supplier disruption. Ford (F) Resets EV Plans After Sales Slump And Supplier Fire

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.