Ford Motor Company (F) PT Raised to $13.00 at Citigroup Inc.
Ford Motor Company (NYSE:F) had its price target hoisted by analysts at Citigroup Inc. from $12.00 to $13.00 in a research report issued on Monday. The firm presently has a “neutral” rating on the auto manufacturer’s stock. Citigroup Inc.’s target price suggests a potential upside of 7.44% from the company’s current price.
A number of other brokerages have also issued reports on F. Nomura lowered Ford Motor to a “hold” rating in a research report on Saturday, August 5th. BidaskClub raised Ford Motor from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 target price on the stock in a research report on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ford Motor in a research report on Tuesday, August 15th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $12.00 target price on shares of Ford Motor in a research report on Sunday, September 10th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.52.
Shares of Ford Motor (F) traded up 0.33% during mid-day trading on Monday, reaching $12.10. 36,457,435 shares of the company traded hands. The company has a market capitalization of $48.06 billion, a P/E ratio of 12.74 and a beta of 1.12. Ford Motor has a 52-week low of $10.47 and a 52-week high of $13.27. The firm’s 50 day moving average price is $12.01 and its 200-day moving average price is $11.37.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, topping the consensus estimate of $0.33 by $0.10. The firm had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. Ford Motor’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS. Equities analysts predict that Ford Motor will post $1.79 earnings per share for the current fiscal year.
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In other news, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total value of $273,080.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total value of $453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,700 shares of company stock valued at $2,486,044. 1.08% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in F. Hancock Holding Co. grew its stake in shares of Ford Motor by 194.6% in the first quarter. Hancock Holding Co. now owns 258,988 shares of the auto manufacturer’s stock worth $3,015,000 after purchasing an additional 171,069 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Ford Motor by 10.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,568,972 shares of the auto manufacturer’s stock worth $18,263,000 after purchasing an additional 153,865 shares in the last quarter. United Bank Inc. grew its stake in shares of Ford Motor by 9.2% in the first quarter. United Bank Inc. now owns 356,874 shares of the auto manufacturer’s stock worth $4,154,000 after purchasing an additional 30,117 shares in the last quarter. Northstar Wealth Partners LLC bought a new position in shares of Ford Motor in the first quarter worth $180,000. Finally, Mason Street Advisors LLC grew its stake in shares of Ford Motor by 1.0% in the first quarter. Mason Street Advisors LLC now owns 539,426 shares of the auto manufacturer’s stock worth $6,279,000 after purchasing an additional 5,532 shares in the last quarter. 54.22% of the stock is owned by institutional investors.
Ford Motor Company Profile
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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