Ford Motor Downgraded to Hold at Erste Group (F)
Ford Motor (NYSE:F) was downgraded by equities researchers at Erste Group to a “hold” rating in a research report issued on Friday, Stock Ratings Network reports.
A number of other firms have also recently commented on F. Analysts at Argus downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Separately, analysts at Thomson Reuters/Verus upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a research note to investors on Monday. Finally, analysts at Ameriprise Financial initiated coverage on shares of Ford Motor in a research note to investors on Friday, January 31st. They set a “buy” rating on the stock. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $19.23.
Shares of Ford Motor (NYSE:F) traded up 0.81% during mid-day trading on Friday, hitting $14.97. 38,649,936 shares of the company’s stock traded hands. Ford Motor has a 1-year low of $12.10 and a 1-year high of $18.02. The stock has a 50-day moving average of $15.60 and a 200-day moving average of $16.62. The company has a market cap of $59.048 billion and a P/E ratio of 8.43.
Ford Motor (NYSE:F) last released its earnings data on Tuesday, January 28th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $36.30 billion for the quarter, compared to the consensus estimate of $35.40 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts predict that Ford Motor will post $1.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders 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 3.34%. The ex-dividend date is Wednesday, January 29th. This is a boost from Ford Motor’s previous quarterly dividend of $0.10.
Ford Motor Company (NYSE:F) operates in the global automotive industry.
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