Ford Motor Company Upgraded to Buy by Stifel Nicolaus (F)
Ford Motor Company (NYSE:F) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $22.00 price objective on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 28.13% from the company’s current price.
Ford Motor Company (NYSE:F) traded up 0.23% on Tuesday, hitting $17.21. The stock had a trading volume of 25,474,544 shares. Ford Motor Company has a 52-week low of $14.40 and a 52-week high of $18.12. The stock’s 50-day moving average is $17.33 and its 200-day moving average is $16.17. The company has a market cap of $66.748 billion and a P/E ratio of 10.56. Ford Motor Company also was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 75,215,684 shares, a growth of 5.9% from the July 15th total of 71,003,193 shares. Based on an average trading volume of 33,182,110 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.9% of the shares of the stock are short sold.
Ford Motor Company (NYSE:F) last issued its quarterly 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. On average, analysts predict that Ford Motor Company will post $1.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Friday, August 1st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, July 30th.
A number of other analysts have also recently weighed in on F. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Ford Motor Company in a research note on Friday, July 25th. They now have a $20.00 price target on the stock, up previously from $19.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Ford Motor Company in a research note on Friday, July 25th. They now have a $19.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Ford Motor Company in a research note on Tuesday, July 22nd. They now have a $21.00 price target on the stock, up previously from $19.00. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Ford Motor Company presently has a consensus rating of “Buy” and an average price target of $19.47.
Ford Motor Company (NYSE:F) is a producer of automobiles.
Receive News & Ratings for Ford Motor Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Company and related companies with Analyst Ratings Network's FREE daily email newsletter.