Ford Motor Co. (F) Downgraded by Buckingham Research
Ford Motor Co. (NYSE:F) was downgraded by equities researchers at Buckingham Research to a “neutral” rating in a research note issued on Tuesday.
Several other brokerages have also issued reports on F. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $14.04 target price on the stock. in a research report on Monday, May 23rd. TheStreet upgraded shares of Ford Motor to a “buy” rating in a research report on Thursday, May 26th. Barclays PLC reiterated an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a research report on Friday, May 27th. Citigroup Inc. reiterated a “buy” rating on shares of Ford Motor in a research report on Tuesday, May 31st. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Ford Motor in a research report on Wednesday, June 1st. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.38.
Shares of Ford Motor (NYSE:F) opened at 12.11 on Tuesday. The stock has a market capitalization of $48.12 billion, a price-to-earnings ratio of 5.71 and a beta of 1.30. Ford Motor has a 52-week low of $11.02 and a 52-week high of $15.84. The company has a 50-day moving average of $12.36 and a 200-day moving average of $13.02.
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Ford Motor (NYSE:F) last released its quarterly earnings data 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 net margin of 5.35% and a return on equity of 30.49%. The firm earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. During the same period in the previous year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate that Ford Motor will post $1.83 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, July 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, July 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.95%. Ford Motor’s dividend payout ratio is presently 29.27%.
In related news, Director John C. Lechleiter purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was acquired at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $306,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Williams Jones & Associates LLC boosted its stake in shares of Ford Motor by 1,349.7% in the second quarter. Williams Jones & Associates LLC now owns 39,489 shares of the auto manufacturer’s stock worth $496,000 after buying an additional 36,765 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Ford Motor during the second quarter worth approximately $1,980,000. Kentucky Retirement Systems acquired a new stake in shares of Ford Motor during the second quarter worth approximately $4,171,000. Mason Street Advisors LLC acquired a new stake in shares of Ford Motor during the second quarter worth approximately $6,606,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Ford Motor by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 574,526 shares of the auto manufacturer’s stock worth $7,222,000 after buying an additional 42,208 shares during the last quarter. Institutional investors and hedge funds own 56.06% of the company’s stock.
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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