Ford Motor Company (F) Given Neutral Rating at Nomura
Ford Motor Company (NYSE:F)‘s stock had its “neutral” rating restated by equities research analysts at Nomura in a research report issued on Friday, MarketBeat reports. They presently have a $11.60 target price on the auto manufacturer’s stock, down from their prior target price of $14.00. Nomura’s target price suggests a potential upside of 5.94% from the stock’s current price.
A number of other equities analysts have also issued reports on F. BidaskClub lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Piper Jaffray Companies reiterated a “buy” rating and set a $14.00 target price on shares of Ford Motor in a research report on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and set a $12.00 target price on shares of Ford Motor in a research report on Monday, May 22nd. Berenberg Bank set a $10.00 target price on shares of Ford Motor and gave the stock a “sell” rating in a research report on Monday, June 12th. Finally, Guggenheim assumed coverage on shares of Ford Motor in a research report on Wednesday, June 21st. They set a “neutral” rating and a $13.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.11.
Shares of Ford Motor (NYSE F) traded up 0.18% during midday trading on Friday, hitting $10.95. 29,267,609 shares of the company’s stock traded hands. Ford Motor has a 1-year low of $10.67 and a 1-year high of $13.27. The firm has a market capitalization of $43.49 billion, a price-to-earnings ratio of 11.53 and a beta of 1.11. The company has a 50 day moving average price of $11.31 and a 200 day moving average price of $11.67.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion for 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 19.69%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. Equities analysts anticipate that Ford Motor will post $1.76 earnings per share for the current year.
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In related news, VP John T. Lawler sold 80,624 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the transaction, the vice president now owns 10 shares in the company, valued at $110. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction 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 disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of 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 last quarter. Pzena Investment Management LLC boosted its position in shares of Ford Motor by 38.4% in the second quarter. Pzena Investment Management LLC now owns 23,812,718 shares of the auto manufacturer’s stock valued at $266,464,000 after buying an additional 6,611,425 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of 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 last quarter. Morgan Stanley boosted its position in shares of Ford Motor by 11.5% in the first quarter. Morgan Stanley now owns 39,103,837 shares of the auto manufacturer’s stock valued at $455,168,000 after buying an additional 4,040,717 shares during the last quarter. Finally, State Street Corp boosted its position in shares of 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 last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.
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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