Ford Motor Receives Overweight Rating from Morgan Stanley (F)
Ford Motor (NYSE:F)‘s stock had its “overweight” rating reiterated by research analysts at Morgan Stanley in a report released on Thursday, Stock Ratings Network reports. They currently have a $20.00 target price on the stock, up from their previous target price of $18.00. Morgan Stanley’s price objective points to a potential upside of 14.03% from the stock’s previous close.
The analysts wrote, “A glaring strategic weakness facing Ford was its near neglect of the world’s largest car market. This is rapidly changing. The capacity, product and distribution roll-out has been breathtaking, making China a major driver of Ford earnings surprises. Ford China stands at a critical inflection point. We estimate earnings from its 2 partners including a 50% JV stake in PV maker Changan Ford (CAF) and a 31.5% stake in CV maker Jiangling Motor Corp (JMC) along with imports can account for as much as 20% of Ford net earnings within 3 years vs. less than 5% last year.”
Ford Motor (NYSE:F) traded down 0.63% on Thursday, hitting $17.43. 9,676,510 shares of the company’s stock traded hands. Ford Motor has a 52 week low of $9.71 and a 52 week high of $17.68. The stock has a 50-day moving average of $16.80 and a 200-day moving average of $15.01. The company has a market cap of $68.668 billion and a P/E ratio of 11.55.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.08. The company had revenue of $33.30 billion for the quarter, compared to the consensus estimate of $35.15 billion. During the same quarter last year, the company posted $0.30 earnings per share. Ford Motor’s revenue was up 14.6% compared to the same quarter last year. On average, analysts predict that Ford Motor will post $1.53 earnings per share for the current fiscal year.
F has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Ford Motor (NYSE:F) in a research note to investors on Monday. They now have a $20.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Ford Motor (NYSE:F) from $18.00 to $19.00 in a research note to investors on Thursday, September 5th. They now have a “hold” rating on the stock. Finally, analysts at S&P Equity Research upgraded shares of Ford Motor (NYSE:F) from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 16th.
Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. Ford Motor has an average rating of “Hold” and a consensus target price of $18.94.
In other Ford Motor news, VP Bernard B. Silverstone unloaded 26,387 shares of the stock on the open market in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $17.57, for a total transaction of $463,619.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Ford Motor Company (NYSE:F) operates in the global automotive industry.
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