Ford Motor Company Stock Rating Reaffirmed by Zacks (F)
Ford Motor Company (NYSE:F)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Friday. They currently have a $19.00 price objective on the stock. Zacks‘s price target points to a potential upside of 7.83% from the company’s current price.
Zacks’ analyst wrote, “Ford posted earnings per share of $0.40 in the second quarter, beating the Zacks Consensus Estimate of $0.37. Revenues fell 1.3% to $37.4 billion, exceeding the Zacks Consensus Estimate of $36.71 billion. Positives for Ford include market share gains in the Asia-Pacific region (particularly China), global expansion plans, efforts to make the European business profitable, efficient capital deployment, the success of the One Ford plan and the continued focus on hybrid cars. However, there are several headwinds, including an expected decline in pre-tax profits, operating margin and cash flows in 2014, weakness in North and South America, frequent product recalls and rising expenses.”
Shares of Ford Motor Company (NYSE:F) traded down 1.23% during mid-day trading on Friday, hitting $17.62. 34,499,752 shares of the company’s stock traded hands. Ford Motor Company has a 52 week low of $14.40 and a 52 week high of $18.12. The stock has a 50-day moving average of $17.22 and a 200-day moving average of $16.09. The company has a market cap of $69.674 billion and a price-to-earnings ratio of 11.10. Ford Motor Company also was the target of a large decline in short interest in June. As of June 30th, there was short interest totalling 72,331,960 shares, a decline of 6.0% from the June 13th total of 76,943,545 shares. Based on an average daily volume of 25,970,049 shares, the short-interest ratio is presently 2.8 days. Approximately 1.9% of the company’s shares are short sold.
Ford Motor Company (NYSE:F) last released its earnings data on Thursday, July 24th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.06. The company had revenue of $37.40 billion for the quarter, compared to the consensus estimate of $38.13 billion. During the same quarter last year, the company posted $0.45 earnings per share. Ford Motor Company’s revenue was down 1.9% compared to the same quarter last year. Analysts expect that Ford Motor Company will post $1.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Friday, August 1st will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Wednesday, July 30th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Ford Motor Company in a research note on Tuesday. They now have a $21.00 price target on the stock, up previously from $19.00. Separately, analysts at Goldman Sachs raised their price target on shares of Ford Motor Company from $18.00 to $21.00 in a research note on Monday, July 14th. Finally, analysts at Barclays raised their price target on shares of Ford Motor Company from $19.00 to $20.00 in a research note on Monday, July 14th. They now have an “equal weight” rating on the stock. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $19.29.
Ford Motor Company (NYSE:F) is a producer of automobiles.
To view Zacks’ full report, visit Zacks’ official website.
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