Ford Motor Receives “Buy” Rating from TheStreet (F)
Ford Motor (NYSE:F)‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released on Wednesday, Analyst RN 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, increase in stock price during the past year, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 24th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $36.00 billion for the quarter, compared to the consensus estimate of $34.07 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Friday, January 31st will be paid a dividend of 0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Wednesday, January 29th. This is a positive change from Ford Motor’s previous quarterly dividend of $0.10.
Several other analysts have also recently commented on the stock. Analysts at ISI Group initiated coverage on shares of Ford Motor in a research note to investors on Monday, January 13th. They set a “strong-buy” rating and a $22.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Ford Motor from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $16.00 price target on the stock. Finally, analysts at Ned Davis Research downgraded shares of Ford Motor from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $19.50.
Ford Motor Company (NYSE:F) operates in the global automotive industry.
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