Ford Motor Receives “Buy” Rating from TheStreet (F)
Ford Motor (NYSE:F)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Friday, ARN reports.
The analysts wrote, “Ford Motor (F) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Shares of Ford Motor (NYSE:F) traded down 0.57% during mid-day trading on Friday, hitting $17.56. 10,317,449 shares of the company’s stock traded hands. Ford Motor has a 52 week low of $9.71 and a 52 week high of $17.77. The stock has a 50-day moving average of $16.87 and a 200-day moving average of $15.2. The company has a market cap of $69.181 billion and a P/E ratio of 11.63.
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 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. Analysts expect that Ford Motor will post $1.53 EPS for the current fiscal year.
A number of other firms have also recently commented on F. Analysts at Jefferies Group reiterated a “buy” rating on shares of Ford Motor (NYSE:F) in a research note to investors on Wednesday. They now have a $20.00 price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Ford Motor (NYSE:F) to $20.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Ford Motor (NYSE:F) in a research note to investors on Thursday, September 12th. They now have a $20.00 price target on the stock, up previously from $18.00.
Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $19.47.
In other Ford Motor news, VP Nicholas Smither unloaded 87,512 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $17.42, for a total transaction of $1,524,459.04. Following the completion of the sale, the vice president now directly owns 250,173 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Ford Motor Company (NYSE:F) operates in the global automotive industry.
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