Goldman Sachs Group Inc. Reaffirms Neutral Rating for Ford Motor Co. (F)
Ford Motor Co. (NYSE:F)‘s stock had its “neutral” rating reiterated by equities researchers at Goldman Sachs Group Inc. in a report released on Saturday. They currently 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 target price indicates a potential downside of 2.36% from the company’s previous close.
Several other research firms have also commented on F. Vetr lowered shares of Ford Motor from a “hold” rating to a “sell” rating and set a $13.46 price target on the stock. in a research report on Thursday, July 21st. Barclays PLC reiterated an “equal weight” rating and issued a $13.00 price target (down from $14.00) on shares of Ford Motor in a research report on Tuesday, July 19th. Rodman & Renshaw assumed coverage on shares of Ford Motor in a research report on Monday, July 18th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Finally, Tigress Financial reiterated a “buy” rating on shares of Ford Motor in a research report on Tuesday, June 21st. Five analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Ford Motor presently has an average rating of “Hold” and an average target price of $14.03.
Shares of Ford Motor (NYSE:F) opened at 12.29 on Friday. The stock has a market cap of $48.83 billion, a price-to-earnings ratio of 5.80 and a beta of 1.27. Ford Motor has a 12 month low of $11.02 and a 12 month high of $15.84. The firm has a 50-day moving average price of $12.31 and a 200-day moving average price of $12.90.
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Ford Motor (NYSE:F) last issued its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The company earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. During the same period last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts expect that Ford Motor will post $1.82 EPS for the current fiscal year.
In other news, insider Sankar S. Nair sold 82,000 shares of Ford Motor stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total value of $993,020.00. Following the completion of the transaction, the insider now directly owns 32,969 shares of the company’s stock, valued at approximately $399,254.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Lechleiter purchased 5,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was acquired at an average cost of $12.26 per share, with a total value of $61,300.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately $306,500. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC raised its position in Ford Motor by 0.6% in the third quarter. Advisory Services Network LLC now owns 59,800 shares of the auto manufacturer’s stock worth $722,000 after buying an additional 342 shares during the last quarter. First Mercantile Trust Co. raised its position in Ford Motor by 3.6% in the third quarter. First Mercantile Trust Co. now owns 37,955 shares of the auto manufacturer’s stock worth $458,000 after buying an additional 1,305 shares during the last quarter. Independent Portfolio Consultants Inc. raised its position in Ford Motor by 4.4% in the third quarter. Independent Portfolio Consultants Inc. now owns 88,696 shares of the auto manufacturer’s stock worth $1,071,000 after buying an additional 3,745 shares during the last quarter. Telemus Capital LLC raised its position in Ford Motor by 0.5% in the third quarter. Telemus Capital LLC now owns 60,867 shares of the auto manufacturer’s stock worth $735,000 after buying an additional 274 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. raised its position in Ford Motor by 18.0% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 31,066 shares of the auto manufacturer’s stock worth $375,000 after buying an additional 4,730 shares during the last quarter. 56.06% of the stock is 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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