Ford Motor Co. (F) Coverage Initiated by Analysts at Nomura
Stock analysts at Nomura began coverage on shares of Ford Motor Co. (NYSE:F) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a $14.00 price target on the auto manufacturer’s stock. Nomura’s price target would indicate a potential upside of 16.67% from the stock’s previous close.
F has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, July 29th. Deutsche Bank AG restated a “hold” rating and issued a $13.00 target price on shares of Ford Motor in a report on Friday. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 target price on the stock in a report on Monday, June 27th. Barclays PLC reiterated an “equal weight” rating and set a $12.00 price target on shares of Ford Motor in a report on Monday, September 12th. Finally, Goldman Sachs Group Inc. set a $15.00 price target on shares of Ford Motor and gave the company a “buy” rating in a report on Thursday, July 7th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $14.07.
Shares of Ford Motor (NYSE:F) traded down 0.91% during mid-day trading on Tuesday, reaching $12.00. 37,820,775 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $12.35 and a 200 day moving average price of $13.01. Ford Motor has a 12-month low of $11.02 and a 12-month high of $15.84. The firm has a market capitalization of $47.68 billion, a price-to-earnings ratio of 5.66 and a beta of 1.30.
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Ford Motor (NYSE:F) last posted its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The business earned $39.50 million during the quarter, compared to the consensus estimate of $36.29 billion. During the same quarter last year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts anticipate that Ford Motor will post $1.84 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th were issued a $0.15 dividend. The ex-dividend date was Tuesday, July 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.00%. Ford Motor’s dividend payout ratio is currently 29.27%.
In related news, Director John C. Lechleiter purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was acquired at an average price of $12.26 per share, with a total value of $61,300.00. Following the completion of the acquisition, the director now owns 25,000 shares in the company, valued at approximately $306,500. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of F. Benjamin F. Edwards & Company Inc. raised its stake in Ford Motor by 14.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 53,704 shares of the auto manufacturer’s stock worth $725,000 after buying an additional 6,757 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in Ford Motor by 12.2% in the first quarter. Independent Portfolio Consultants Inc. now owns 82,548 shares of the auto manufacturer’s stock worth $1,114,000 after buying an additional 8,960 shares during the last quarter. Gradient Investments LLC raised its stake in Ford Motor by 48.8% in the first quarter. Gradient Investments LLC now owns 24,185 shares of the auto manufacturer’s stock worth $326,000 after buying an additional 7,935 shares during the last quarter. Acadian Asset Management LLC raised its stake in Ford Motor by 11.4% in the first quarter. Acadian Asset Management LLC now owns 132,970 shares of the auto manufacturer’s stock worth $1,794,000 after buying an additional 13,625 shares during the last quarter. Finally, Eastern Bank raised its stake in Ford Motor by 27.9% in the first quarter. Eastern Bank now owns 1,293,314 shares of the auto manufacturer’s stock worth $17,460,000 after buying an additional 282,502 shares during the last quarter. 56.06% of the stock is owned by institutional investors and hedge funds.
About Ford Motor
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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