Ford Motor Company (F) Raised to “Buy” at Standpoint Research
Ford Motor Company (NYSE:F) was upgraded by investment analysts at Standpoint Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
Several other research analysts also recently commented on the company. ValuEngine raised Ford Motor from a “hold” rating to a “buy” rating in a research note on Monday. Vetr downgraded Ford Motor from a “buy” rating to a “hold” rating and set a $12.34 price objective for the company. in a research note on Wednesday, September 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $13.00 price objective on shares of Ford Motor in a research note on Monday, September 18th. BidaskClub raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $12.00 target price on shares of Ford Motor in a report on Sunday, September 10th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $12.45.
Ford Motor (NYSE:F) traded up 0.65% during trading on Wednesday, hitting $12.42. The stock had a trading volume of 24,947,987 shares. Ford Motor has a 52-week low of $10.47 and a 52-week high of $13.27. The company has a market cap of $49.33 billion, a price-to-earnings ratio of 13.07 and a beta of 1.12. The company has a 50-day moving average price of $11.36 and a 200-day moving average price of $11.27.
Ford Motor (NYSE:F) last announced 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. The company 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 19.69%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. Equities research analysts forecast that Ford Motor will post $1.76 EPS 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 stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the sale, the vice president now owns 10 shares in the company, valued at approximately $110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hau N. Thai-Tang sold 25,000 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total value of $287,500.00. Following the sale, the insider now owns 76,358 shares in the company, valued at approximately $878,117. The disclosure for this sale can be found here. Insiders have sold a total of 195,624 shares of company stock worth $2,212,964 over the last 90 days. Corporate insiders own 1.08% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of F. Eqis Capital Management Inc. increased its position in Ford Motor by 16.3% during the third quarter. Eqis Capital Management Inc. now owns 57,177 shares of the auto manufacturer’s stock valued at $684,000 after acquiring an additional 8,013 shares during the last quarter. Hefty Wealth Partners raised its stake in shares of Ford Motor by 9,243.5% in the third quarter. Hefty Wealth Partners now owns 40,177 shares of the auto manufacturer’s stock valued at $481,000 after acquiring an additional 39,747 shares during the period. MPS Loria Financial Planners LLC purchased a new stake in shares of Ford Motor in the second quarter valued at $209,000. W. E. Donoghue & Co. LLC purchased a new stake in shares of Ford Motor in the second quarter valued at $16,118,000. Finally, United Bank VA raised its stake in shares of Ford Motor by 19.6% in the second quarter. United Bank VA now owns 310,284 shares of the auto manufacturer’s stock valued at $3,472,000 after acquiring an additional 50,901 shares during the period. 54.35% of the stock is 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.
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