Ford Motor Company (NYSE:F) Receives “Buy” Rating from Piper Jaffray Companies
Ford Motor Company (NYSE:F)‘s stock had its “buy” rating restated by equities researchers at Piper Jaffray Companies in a research report issued on Friday. They presently have a $14.00 price objective on the auto manufacturer’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 25.22% from the stock’s previous close.
A number of other equities research analysts have also weighed in on F. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.60 price target for the company in a report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “hold” rating and set a $12.00 price target on shares of Ford Motor in a report on Monday, May 22nd. Berenberg Bank set a $10.00 price target on shares of Ford Motor and gave the company a “sell” rating in a report on Monday, June 12th. BidaskClub raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Tigress Financial reissued a “buy” rating on shares of Ford Motor in a report on Thursday, March 30th. 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 assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $13.38.
Shares of Ford Motor (NYSE F) opened at 11.18 on Friday. Ford Motor has a 52-week low of $10.67 and a 52-week high of $13.27. The stock has a market capitalization of $44.52 billion, a PE ratio of 11.91 and a beta of 1.11. The stock’s 50 day moving average is $11.31 and its 200 day moving average is $11.72.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.06%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. Equities research analysts expect that Ford Motor will post $1.67 earnings per share for the current fiscal year.
In other news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor 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 transaction, the insider now owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.08% of the company’s stock.
Several institutional investors have recently made changes to their positions in F. Vanguard Group Inc. increased its position 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 during the period. BlackRock Inc. increased its position 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 during the period. State Street Corp increased its position 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 during the period. BlackRock Institutional Trust Company N.A. increased its position in Ford Motor by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 104,765,891 shares of the auto manufacturer’s stock valued at $1,414,340,000 after buying an additional 1,615,938 shares during the period. Finally, Franklin Resources Inc. increased its position in Ford Motor by 26.7% in the fourth quarter. Franklin Resources Inc. now owns 80,132,269 shares of the auto manufacturer’s stock valued at $972,004,000 after buying an additional 16,902,036 shares during the period. 55.50% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Ford Motor Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Company and related companies with MarketBeat.com's FREE daily email newsletter.