Ford Motor’s (F) “Neutral” Rating Reiterated at Goldman Sachs Group Inc.
Ford Motor Co. (NYSE:F)‘s stock had its “neutral” rating reiterated by Goldman Sachs Group Inc. in a research report issued to clients and investors on Saturday. They presently have a $12.00 target price on the auto manufacturer’s stock, down from their prior target price of $13.00. Goldman Sachs Group Inc.’s price target indicates a potential downside of 2.36% from the company’s previous close.
Several other research analysts have also weighed in on the stock. Buckingham Research lowered shares of Ford Motor from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $16.00 to $12.00 in a report on Tuesday, September 20th. Nomura began coverage on shares of Ford Motor in a report on Tuesday, September 20th. They set a “buy” rating and a $14.00 price objective for the company. Deutsche Bank AG reissued a “hold” rating and set a $13.00 price objective on shares of Ford Motor in a report on Friday, September 16th. Bank of America Corp. reissued a “neutral” rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, September 14th. Finally, Credit Agricole SA set a $13.00 price objective on shares of Ford Motor and gave the stock a “buy” rating in a report on Tuesday, September 13th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.03.
Ford Motor (NYSE:F) opened at 12.29 on Friday. The firm has a market capitalization of $48.83 billion, a price-to-earnings ratio of 5.80 and a beta of 1.27. The stock’s 50 day moving average is $12.31 and its 200-day moving average is $12.90. Ford Motor has a 52 week low of $11.02 and a 52 week high of $15.84.
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Ford Motor (NYSE:F) last announced its quarterly earnings data 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 had revenue of $39.50 million for the quarter, compared to analyst estimates 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 was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 earnings per share. On average, equities research analysts expect that Ford Motor will post $1.82 EPS for the current year.
In other news, insider Sankar S. Nair sold 82,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total value of $993,020.00. Following the transaction, the insider now directly owns 32,969 shares of the company’s stock, valued at $399,254.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Lechleiter bought 5,000 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was purchased at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the transaction, the director now owns 25,000 shares of the company’s stock, valued at $306,500. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Spark Investment Management LLC increased its position in shares of Ford Motor by 2,002.9% in the first quarter. Spark Investment Management LLC now owns 321,488 shares of the auto manufacturer’s stock worth $4,340,000 after buying an additional 306,200 shares during the last quarter. LVW Advisors LLC increased its position in shares of Ford Motor by 21.2% in the first quarter. LVW Advisors LLC now owns 26,277 shares of the auto manufacturer’s stock worth $355,000 after buying an additional 4,588 shares during the last quarter. Landscape Capital Management L.L.C. increased its position in shares of Ford Motor by 960.1% in the first quarter. Landscape Capital Management L.L.C. now owns 181,495 shares of the auto manufacturer’s stock worth $2,450,000 after buying an additional 164,375 shares during the last quarter. Advisor Partners LLC increased its position in shares of Ford Motor by 1.3% in the first quarter. Advisor Partners LLC now owns 37,809 shares of the auto manufacturer’s stock worth $510,000 after buying an additional 480 shares during the last quarter. Finally, Shufro Rose & Co. LLC increased its position in shares of Ford Motor by 6.6% in the first quarter. Shufro Rose & Co. LLC now owns 21,810 shares of the auto manufacturer’s stock worth $294,000 after buying an additional 1,342 shares during the last quarter. 56.06% of the stock is currently owned by institutional investors and hedge funds.
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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