Ford Motor Co. (F) Downgraded to “Neutral” at Buckingham Research
Ford Motor Co. (NYSE:F) was downgraded by Buckingham Research to a “neutral” rating in a research note issued on Tuesday.
Several other equities research analysts also recently weighed in on the stock. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 target price for the company in a research report on Monday, June 27th. Piper Jaffray Cos. assumed coverage on shares of Ford Motor in a research report on Thursday, June 9th. They set an “overweight” rating and a $17.00 price objective for the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Ford Motor in a research report on Monday, September 12th. Rodman & Renshaw assumed coverage on shares of Ford Motor in a research report on Monday, July 18th. They set a “buy” rating for the company. Finally, Seaport Global Securities assumed coverage on shares of Ford Motor in a research report on Tuesday, August 9th. They set a “buy” rating and a $20.00 price objective for the company. Five analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $14.38.
Ford Motor (NYSE:F) opened at 12.11 on Tuesday. The firm has a 50-day moving average of $12.36 and a 200-day moving average of $13.02. Ford Motor has a one year low of $11.02 and a one year high of $15.84. The stock has a market capitalization of $48.12 billion, a PE ratio of 5.71 and a beta of 1.30.
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Ford Motor (NYSE:F) last released its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The company earned $39.50 million during the quarter, compared to the consensus estimate of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. Ford Motor’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. On average, equities research analysts forecast that Ford Motor will post $1.83 earnings per share for the current 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. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date was Tuesday, July 26th. Ford Motor’s dividend payout ratio (DPR) is presently 29.27%.
In related news, Director John C. Lechleiter purchased 5,000 shares of Ford Motor stock in a transaction on Monday, August 8th. The stock was purchased at an average cost of $12.26 per share, with a total value of $61,300.00. Following the acquisition, the director now directly owns 25,000 shares in the company, valued at $306,500. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Capital World Investors boosted its position in shares of Ford Motor by 139.8% in the second quarter. Capital World Investors now owns 19,245,000 shares of the auto manufacturer’s stock worth $241,910,000 after buying an additional 11,220,000 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Ford Motor by 3.8% in the second quarter. Vanguard Group Inc. now owns 244,456,762 shares of the auto manufacturer’s stock worth $3,072,821,000 after buying an additional 8,920,917 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new position in shares of Ford Motor during the first quarter worth about $95,992,000. Ameriprise Financial Inc. boosted its position in shares of Ford Motor by 17.5% in the second quarter. Ameriprise Financial Inc. now owns 30,706,144 shares of the auto manufacturer’s stock worth $385,950,000 after buying an additional 4,582,387 shares in the last quarter. Finally, Columbus Circle Investors acquired a new position in shares of Ford Motor during the second quarter worth about $56,640,000. 56.06% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Company Profile
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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