Insider Selling: Ford Motor VP Unloads 87,512 Shares of Stock (F)
Ford Motor (NYSE:F) VP Nicholas Smither sold 87,512 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $17.42, for a total value of $1,524,459.04. Following the completion of the transaction, the vice president now directly owns 250,173 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on F. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Ford Motor (NYSE:F) in a research note to investors on Thursday. They now have a $20.00 price target on the stock, up previously from $18.00. Separately, 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. Finally, 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.
Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.47.
Ford Motor (NYSE:F) traded down 0.23% on Friday, hitting $17.35. 21,581,414 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’s 50-day moving average is $16.8 and its 200-day moving average is $15.04. The company has a market cap of $68.353 billion and a price-to-earnings ratio of 11.46.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 24th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, analysts predict that Ford Motor will post $1.53 earnings per share for the current fiscal year.
Ford Motor Company (NYSE:F) operates in the global automotive industry.
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