Ford Motor (F) Price Target Cut to $11.00 by Analysts at Nomura

Ford Motor (NYSE:F) had its target price cut by equities research analysts at Nomura to $11.00 in a research note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the auto manufacturer’s stock. Nomura’s target price would indicate a potential upside of 0.73% from the company’s current price.

F has been the subject of a number of other research reports. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.00 target price for the company. in a report on Monday. Citigroup lifted their target price on Ford Motor from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Morgan Stanley reaffirmed a “sell” rating and set a $10.00 target price (up previously from $9.00) on shares of Ford Motor in a report on Tuesday, October 31st. Cascend Securities downgraded Ford Motor to a “buy” rating in a report on Tuesday, December 5th. Finally, Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $12.12 to $14.00 in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.54.

Ford Motor (NYSE F) traded down $0.05 during trading on Thursday, hitting $10.92. The company had a trading volume of 41,308,172 shares, compared to its average volume of 53,687,559. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.23 and a quick ratio of 1.12. Ford Motor has a 12-month low of $10.47 and a 12-month high of $13.48. The firm has a market capitalization of $43,370.00, a P/E ratio of 5.73, a price-to-earnings-growth ratio of 0.66 and a beta of 1.26.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). Ford Motor had a return on equity of 21.71% and a net margin of 4.85%. The firm had revenue of $38.50 billion for the quarter, compared to analyst estimates of $36.96 billion. During the same period last year, the firm earned $0.30 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. analysts expect that Ford Motor will post 1.56 EPS for the current fiscal year.

In other Ford Motor news, insider Hau N. Thai-Tang sold 19,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $12.50, for a total value of $237,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hau N. Thai-Tang sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $13.00, for a total value of $234,000.00. Following the completion of the transaction, the insider now directly owns 14,358 shares of the company’s stock, valued at $186,654. The disclosure for this sale can be found here. Insiders sold 47,752 shares of company stock valued at $603,965 over the last three months. 1.08% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. BlueMountain Capital Management LLC increased its position in shares of Ford Motor by 92.9% in the second quarter. BlueMountain Capital Management LLC now owns 198,047 shares of the auto manufacturer’s stock valued at $2,216,000 after buying an additional 95,361 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Ford Motor by 6.7% in the third quarter. Pzena Investment Management LLC now owns 25,409,816 shares of the auto manufacturer’s stock valued at $304,155,000 after buying an additional 1,597,098 shares in the last quarter. Advisors Capital Management LLC increased its position in shares of Ford Motor by 21.2% in the third quarter. Advisors Capital Management LLC now owns 483,120 shares of the auto manufacturer’s stock valued at $5,783,000 after buying an additional 84,375 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Ford Motor by 1.7% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 3,748,158 shares of the auto manufacturer’s stock valued at $44,865,000 after buying an additional 64,036 shares in the last quarter. Finally, Strs Ohio increased its position in shares of Ford Motor by 3.8% in the third quarter. Strs Ohio now owns 3,416,273 shares of the auto manufacturer’s stock valued at $40,892,000 after buying an additional 125,660 shares in the last quarter. 54.12% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Ford Motor (NYSE:F)