Zacks Research Downgrades Ford Motor (NYSE:F) to Hold

Ford Motor (NYSE:F) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other brokerages have also recently issued reports on F. Citigroup upgraded Ford Motor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $19.00 to $20.00 in a research note on Wednesday, July 29th. Piper Sandler upped their price target on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Wall Street Zen lowered Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Bank of America raised their price target on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Jefferies Financial Group upgraded Ford Motor from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.68.

Ford Motor Trading Down 0.8%

Shares of Ford Motor stock opened at $14.13 on Tuesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The firm has a 50-day moving average of $14.48 and a 200-day moving average of $13.48. Ford Motor has a 52-week low of $11.06 and a 52-week high of $17.78. The stock has a market cap of $56.30 billion, a PE ratio of -7.56, a PEG ratio of 0.29 and a beta of 1.82.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. The business had revenue of $48.30 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 EPS. As a group, sell-side analysts forecast that Ford Motor will post 1.86 EPS for the current year.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently added to or reduced their stakes in F. Maripau Wealth Management LLC increased its position in shares of Ford Motor by 1.6% in the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock worth $538,000 after acquiring an additional 749 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Ford Motor by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after purchasing an additional 756 shares during the period. Robertson Stephens Wealth Management LLC boosted its position in shares of 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 buying an additional 761 shares during the period. Southern Financial Group LLC grew its holdings in shares of Ford Motor by 2.3% during the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer’s stock valued at $401,000 after buying an additional 776 shares in the last quarter. Finally, Activest Wealth Management raised its position in Ford Motor by 35.3% during the fourth quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock valued at $40,000 after buying an additional 794 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Company Profile

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.