Ford Motor Company (NYSE:F) Receives Average Rating of “Hold” from Brokerages
Ford Motor Company (NYSE:F) has received an average recommendation of “Hold” from the twenty-nine research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $13.32.
A number of equities analysts have recently commented on the company. Nomura reissued a “buy” rating and set a $14.80 price objective on shares of Ford Motor in a research report on Tuesday, May 2nd. Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 29th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a report on Friday, May 5th. ValuEngine downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Wolfe Research began coverage on Ford Motor in a report on Tuesday, June 13th. They issued a “market perform” rating for the company.
Shares of Ford Motor (NYSE:F) traded down 0.298% during mid-day trading on Tuesday, reaching $11.705. 12,930,611 shares of the company traded hands. Ford Motor has a 52 week low of $10.67 and a 52 week high of $14.04. The firm has a market capitalization of $46.61 billion, a price-to-earnings ratio of 12.465 and a beta of 1.11. The firm has a 50-day moving average price of $11.09 and a 200 day moving average price of $11.87.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. Ford Motor had a net margin of 2.48% and a return on equity of 19.36%. The company had revenue of $36.48 billion for the quarter, compared to analysts’ expectations of $34.62 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts anticipate that Ford Motor will post $1.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio is presently 64.52%.
In related news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction on Monday, June 12th. The stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the transaction, the insider now directly owns 428,411 shares in the company, valued at approximately $4,781,066.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.08% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Balentine LLC increased its position in shares of Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after buying an additional 231 shares in the last quarter. Archford Capital Strategies LLC increased its position in shares of Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after buying an additional 676 shares in the last quarter. Puplava Financial Services Inc. acquired a new position in shares of Ford Motor during the first quarter worth $116,000. GWM Advisors LLC acquired a new position in shares of Ford Motor during the first quarter worth $117,000. Finally, TNB Financial acquired a new position in shares of Ford Motor during the first quarter worth $119,000. Institutional investors and hedge funds own 55.58% of the company’s stock.
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About Ford Motor
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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