Stock Traders Buy Large Volume of Ford Motor Company Put Options (F)
Ford Motor Company (NYSE:F) was the target of some unusual options trading on Wednesday. Stock investors purchased 15,738 put options on the stock, American Banking and Market News reports. This is an increase of approximately 104% compared to the average daily volume of 7,700 put options.
In other Ford Motor Company news, VP Hau N. Thai-Tang unloaded 22,763 shares of Ford Motor Company stock on the open market in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $16.60, for a total transaction of $377,865.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Company in a research note on Tuesday. They now have a $17.00 price target on the stock. Separately, 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. Finally, 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. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Ford Motor Company has a consensus rating of “Buy” and a consensus target price of $19.00.
Ford Motor Company (NYSE:F) traded up 1.36% on Wednesday, hitting $17.20. The stock had a trading volume of 37,368,620 shares. Ford Motor Company has a one year low of $14.40 and a one year high of $18.02. The stock has a 50-day moving average of $16.31 and a 200-day moving average of $15.84. The company has a market cap of $68.013 billion and a price-to-earnings ratio of 10.56.
Ford Motor Company (NYSE:F) last posted its quarterly 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. Analysts expect that Ford Motor Company will post $1.32 EPS for the current fiscal year.
Ford Motor Company (NYSE:F) is a producer of automobiles.
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