Ford Motor Company Receives Overweight Rating from Morgan Stanley (F)
Ford Motor Company (NYSE:F)‘s stock had its “overweight” rating reiterated by research analysts at Morgan Stanley in a report released on Tuesday. They currently have a $17.00 price objective on the stock. Morgan Stanley’s target price suggests a potential upside of 0.71% from the company’s current price.
The analysts wrote, “Ford will enter the critical stages of changeover to its all-new 2015 F-150 pickup truck during the summer shut-down period shortly after Alan Mulally’s last day as Ford President and CEO on July 1st. The F-Series is America’s #1 selling vehicle, by itself accounting for >1% of the global car market. Cutting 700lbs from this truck entails one of the most audacious engineering projects in Ford’s history. Based on our discussions with investors, we see scope for near-term negative surprise with the changeover – perhaps some unavoidable challenges required to take the battle of automotive material science to the next level.”
In other Ford Motor Company news, VP Hau N. Thai-Tang sold 22,763 shares of Ford Motor Company stock on the open market in a transaction dated Friday, June 13th. The stock was sold at an average price of $16.60, for a total value of $377,865.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Ford Motor Company (NYSE:F) traded up 1.17% during mid-day trading on Tuesday, hitting $17.0777. 6,691,662 shares of the company’s stock traded hands. Ford Motor Company has a 52 week low of $14.30 and a 52 week high of $18.02. The stock’s 50-day moving average is $16.29 and its 200-day moving average is $15.84. The company has a market cap of $67.530 billion and a P/E ratio of 10.50.
Ford Motor Company (NYSE:F) last announced its earnings results on Friday, April 25th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.06. The company had revenue of $35.60 billion for the quarter, compared to the consensus estimate of $34.06 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts predict that Ford Motor Company will post $1.32 earnings per share for the current fiscal year.
A number of other firms have also recently commented on F. Analysts at Zacks upgraded shares of Ford Motor Company from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 11th. They now have a $18.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ford Motor Company in a research note on Monday, April 28th. They now have a $19.00 price target on the stock. Finally, analysts at S&P Equity Research reiterated a “buy” rating on shares of Ford Motor Company in a research note on Monday, April 28th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ford Motor Company presently has a consensus rating of “Buy” and a consensus price target of $19.00.
Ford Motor Company (NYSE:F) is a producer of automobiles.
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