Ford Motor Company (NYSE:F) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Monday.

According to Zacks, “Ford has underperformed the Zacks categorized Automotive-Domestic industry over the last six months due to unfavorable forecasts for 2017. Also, over the past 30 days, the company’s full year 2017 earnings estimates declined. In fact, 2017 profit is likely to drop due to higher investments in electrification, autonomy and mobility. Also, weak economic environment in South America led to lower wholesale volume, revenues and operating margins. Frequent product recalls and rising structural expenses are other issues faced by the company. Moreover, Ford’s investment for the production of its next generation cars can be beneficial in the long-run but are likely to create short-term strains on the financials of the company.”

F has been the subject of several other research reports. ValuEngine downgraded shares of Ford Motor Company from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Bank of America Corporation reiterated a “buy” rating and set a $12.50 target price (down previously from $14.00) on shares of Ford Motor Company in a research note on Friday, June 16th. Vetr upgraded shares of Ford Motor Company from a “buy” rating to a “strong-buy” rating and set a $12.60 target price for the company in a research note on Thursday. Wolfe Research started coverage on shares of Ford Motor Company in a research note on Tuesday, June 13th. They set a “market perform” rating for the company. Finally, Morgan Stanley boosted their target price on shares of Ford Motor Company from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, June 9th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Ford Motor Company currently has a consensus rating of “Hold” and an average target price of $13.40.

Ford Motor Company (F) opened at 11.26 on Monday. Ford Motor Company has a 52 week low of $10.67 and a 52 week high of $14.04. The company has a market cap of $44.84 billion, a PE ratio of 11.99 and a beta of 1.11. The company has a 50-day moving average price of $11.09 and a 200 day moving average price of $11.87.

Ford Motor Company (NYSE:F) last posted its quarterly earnings results on Thursday, April 27th. The auto manufacturer reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The business had revenue of $36.48 billion during the quarter, compared to the consensus estimate of $34.62 billion. Ford Motor Company had a net margin of 2.48% and a return on equity of 19.36%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. On average, equities research analysts forecast that Ford Motor Company will post $1.53 EPS for the current fiscal year.

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In other Ford Motor Company news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. Following the transaction, the insider now directly owns 428,411 shares in the company, valued at $4,781,066.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of F. Crow Point Partners raised its stake in Ford Motor Company by 15.1% in the third quarter. Crow Point Partners now owns 5,198 shares of the auto manufacturer’s stock valued at $71,000 after buying an additional 680 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in Ford Motor Company during the first quarter valued at approximately $104,000. Balentine LLC raised its stake in Ford Motor Company by 1.8% in the third quarter. Balentine LLC now owns 8,815 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 160 shares in the last quarter. Archford Capital Strategies LLC raised its stake in Ford Motor Company by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares in the last quarter. Finally, Hudock Capital Group LLC raised its stake in Ford Motor Company by 0.8% in the third quarter. Hudock Capital Group LLC now owns 9,324 shares of the auto manufacturer’s stock valued at $112,000 after buying an additional 74 shares in the last quarter. Institutional investors own 55.59% of the company’s stock.

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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Analyst Recommendations for Ford Motor Company (NYSE:F)

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