Deutsche Bank AG Reiterates Hold Rating for Ford Motor Company (F)
Ford Motor Company (NYSE:F)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank AG in a note issued to investors on Wednesday. They currently have a $14.00 price objective on the auto manufacturer’s stock. Deutsche Bank AG’s price target suggests a potential upside of 27.74% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Tigress Financial reissued a “buy” rating on shares of Ford Motor Company in a research report on Thursday, March 30th. Vetr lowered Ford Motor Company from a “strong-buy” rating to a “buy” rating and set a $14.16 target price on the stock. in a research report on Monday, February 27th. Nomura reaffirmed a “buy” rating and issued a $14.80 target price on shares of Ford Motor Company in a research report on Tuesday, May 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $14.00 target price on shares of Ford Motor Company in a research report on Friday, May 5th. Finally, TheStreet lowered Ford Motor Company from a “b-” rating to a “c” rating in a research report on Thursday, January 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $13.69.
Ford Motor Company (NYSE:F) traded down 0.81% during mid-day trading on Wednesday, reaching $10.96. 46,732,734 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $11.16 and its 200-day moving average price is $12.04. Ford Motor Company has a 52 week low of $10.67 and a 52 week high of $14.04. The company has a market capitalization of $43.64 billion, a P/E ratio of 11.67 and a beta of 1.02. Ford Motor Company also was the target of some unusual options trading on Wednesday. Traders purchased 7,882 put options on the stock. This is an increase of 391% compared to the average volume of 1,604 put options.
Ford Motor Company (NYSE:F) last posted its quarterly earnings results on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The business had revenue of $36.48 billion for the quarter, compared to analyst estimates of $34.62 billion. Ford Motor Company had a return on equity of 23.23% and a net margin of 3.08%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. On average, equities research analysts expect that Ford Motor Company will post $1.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, April 20th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, April 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.47%. Ford Motor Company’s dividend payout ratio (DPR) is 52.63%.
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In related news, insider Bennie W. Fowler sold 92,528 shares of the stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $12.68, for a total value of $1,173,255.04. Following the completion of the sale, the insider now directly owns 450,635 shares of the company’s stock, valued at approximately $5,714,051.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman William Clay Ford, Jr. acquired 171,379 shares of Ford Motor Company stock in a transaction that occurred on Friday, March 24th. The stock was acquired at an average cost of $11.67 per share, with a total value of $1,999,992.93. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.
Large investors have recently made changes to their positions in the company. Achmea Investment Management B.V. acquired a new stake in shares of Ford Motor Company during the first quarter valued at about $7,233,000. Financial Advisors Network Inc. increased its stake in shares of Ford Motor Company by 6.0% in the first quarter. Financial Advisors Network Inc. now owns 78,098 shares of the auto manufacturer’s stock valued at $853,000 after buying an additional 4,406 shares in the last quarter. Meridian Wealth Management LLC increased its stake in shares of Ford Motor Company by 92.9% in the first quarter. Meridian Wealth Management LLC now owns 27,525 shares of the auto manufacturer’s stock valued at $320,000 after buying an additional 13,258 shares in the last quarter. Point72 Europe London LLP acquired a new stake in shares of Ford Motor Company during the first quarter valued at about $2,468,000. Finally, FNY Managed Accounts LLC increased its stake in shares of Ford Motor Company by 0.3% in the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after buying an additional 34 shares in the last quarter. 54.19% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Company Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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