Ford Motor Company Receives New Coverage from Analysts at Credit Suisse (F)
Research analysts at Credit Suisse began coverage on shares of Ford Motor Company (NYSE:F) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $18.00 price target on the stock. Credit Suisse’s price objective points to a potential upside of 3.33% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus upgraded shares of Ford Motor Company from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $22.00 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 Friday, July 25th. They now have a $20.00 price target on the stock, up previously from $19.00. Finally, 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. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $19.41.
In other Ford Motor Company news, VP Stuart J. Rowley sold 31,082 shares of Ford Motor Company stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $17.32, for a total transaction of $538,340.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Ford Motor Company (NYSE:F) traded down 0.06% on Wednesday, hitting $17.4102. The stock had a trading volume of 10,741,202 shares. 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 $17.35 and a 200-day moving average of $16.18. The company has a market cap of $67.525 billion and a price-to-earnings ratio of 10.71. Ford Motor Company also was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 75,215,684 shares, an increase of 5.9% from the July 15th total of 71,003,193 shares. Based on an average daily volume of 33,182,110 shares, the short-interest ratio is presently 2.3 days. Currently, 1.9% of the company’s shares are short sold.
Ford Motor Company (NYSE:F) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts expect that Ford Motor Company will post $1.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders 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 2.87%. The ex-dividend date is Wednesday, July 30th.
Ford Motor Company (NYSE:F) is a producer of automobiles.
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