Ford Motor Company (F) Receives Hold Rating from Jefferies Group LLC
Ford Motor Company (NYSE:F)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group LLC in a report issued on Sunday.
A number of other brokerages have also recently weighed in on F. BidaskClub upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price target for the company. in a research note on Tuesday, July 4th. ValuEngine cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Berenberg Bank set a $10.00 price target on shares of Ford Motor and gave the stock a “sell” rating in a research note on Monday, June 12th. Finally, Wolfe Research began coverage on shares of Ford Motor in a research note on Tuesday, June 13th. They set a “market perform” rating for the company. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.54.
Shares of Ford Motor (NYSE:F) opened at 11.36 on Friday. Ford Motor has a 1-year low of $10.47 and a 1-year high of $13.27. The firm has a market capitalization of $45.12 billion, a P/E ratio of 11.96 and a beta of 1.12. The stock’s 50 day moving average is $10.99 and its 200 day moving average is $11.39.
Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter in the prior year, the business posted $0.52 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts predict that Ford Motor will post $1.75 earnings per share for the current year.
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In other Ford Motor news, insider Hau N. Thai-Tang sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total transaction of $287,500.00. Following the completion of the transaction, the insider now directly owns 76,358 shares in the company, valued at approximately $878,117. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph R. Hinrichs sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total transaction of $453,600.00. Following the transaction, the insider now owns 532,435 shares of the company’s stock, valued at $6,037,812.90. The disclosure for this sale can be found here. Insiders have sold a total of 170,624 shares of company stock valued at $1,906,964 over the last 90 days. 1.08% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of F. BlackRock Inc. increased its holdings in Ford Motor by 2,991.4% during the 1st quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock valued at $2,665,619,000 after acquiring an additional 221,597,419 shares in the last quarter. Pzena Investment Management LLC increased its holdings in Ford Motor by 38.4% during the 2nd quarter. Pzena Investment Management LLC now owns 23,812,718 shares of the auto manufacturer’s stock valued at $266,464,000 after acquiring an additional 6,611,425 shares in the last quarter. Vanguard Group Inc. increased its holdings in Ford Motor by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock valued at $3,048,866,000 after acquiring an additional 6,013,577 shares in the last quarter. Franklin Resources Inc. increased its holdings in Ford Motor by 5.7% during the 2nd quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock valued at $981,407,000 after acquiring an additional 4,706,379 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Ford Motor by 11.5% during the 1st quarter. Morgan Stanley now owns 39,103,837 shares of the auto manufacturer’s stock valued at $455,168,000 after acquiring an additional 4,040,717 shares in the last quarter. Hedge funds and other institutional investors own 54.34% 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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