Ford Motor Company (NYSE:F) Upgraded to Strong-Buy at Vetr Inc.
Ford Motor Company (NYSE:F) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The firm presently has a $12.65 price objective on the auto manufacturer’s stock. Vetr‘s target price would indicate a potential upside of 12.24% from the stock’s current price.
A number of other brokerages have also issued reports on F. Tigress Financial restated a “buy” rating on shares of Ford Motor in a research note on Thursday, March 30th. Zacks Investment Research lowered shares of Ford Motor from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 29th. BidaskClub upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Nomura restated a “buy” rating and issued a $14.80 target price on shares of Ford Motor in a research note on Tuesday, May 2nd. Finally, Berenberg Bank set a $10.00 target price on shares of Ford Motor and gave the company a “sell” rating in a research note on Monday, June 12th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued 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 price target of $13.43.
Shares of Ford Motor (NYSE F) traded down 0.18% during trading on Tuesday, hitting $11.27. The company’s stock had a trading volume of 52,854,343 shares. The company has a market cap of $44.88 billion, a PE ratio of 12.00 and a beta of 1.11. The firm’s 50 day moving average price is $11.31 and its 200-day moving average price is $11.74. Ford Motor has a 52 week low of $10.67 and a 52 week high of $13.99. Ford Motor also was the target of some unusual options trading activity on Monday. Stock investors purchased 17,842 put options on the company. This represents an increase of approximately 122% compared to the average volume of 8,031 put options.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 had a net margin of 2.48% and a return on equity of 19.36%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 EPS. On average, analysts predict that Ford Motor will post $1.51 earnings per share for the current year.
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In other news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the completion of the sale, the insider now directly owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.08% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in F. Vanguard Group Inc. raised its stake in Ford Motor by 2.3% in the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock valued at $3,048,866,000 after buying an additional 6,013,577 shares in the last quarter. BlackRock Inc. raised its stake in Ford Motor by 2,991.4% in the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock valued at $2,665,619,000 after buying an additional 221,597,419 shares in the last quarter. State Street Corp raised its stake in Ford Motor by 2.5% in the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock valued at $1,896,009,000 after buying an additional 3,999,705 shares in the last quarter. Wellington Management Group LLP raised its stake in Ford Motor by 0.5% in the first quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock valued at $881,979,000 after buying an additional 391,692 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Ford Motor by 10.8% in the first quarter. Geode Capital Management LLC now owns 40,887,644 shares of the auto manufacturer’s stock valued at $475,306,000 after buying an additional 3,978,850 shares in the last quarter. 55.50% of the stock is owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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