Ford Motor (NYSE:F) Rating Lowered to Sell at Wall Street Zen

Ford Motor (NYSE:F) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

Several other brokerages have also recently commented on F. TD Cowen upped their target price on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, January 13th. Morgan Stanley raised their price target on shares of Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Piper Sandler upgraded shares of Ford Motor from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $11.00 to $16.00 in a research report on Thursday, January 8th. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 31st. Finally, Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $13.22.

Ford Motor Stock Performance

NYSE F opened at $11.59 on Friday. The company has a market capitalization of $46.22 billion, a price-to-earnings ratio of -5.62, a PEG ratio of 0.27 and a beta of 1.70. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 2.95. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.80. The stock has a fifty day simple moving average of $12.91 and a 200 day simple moving average of $12.92.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 EPS for the quarter, topping the consensus estimate of $0.06 by $0.07. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The firm had revenue of $45.89 billion for the quarter, compared to the consensus estimate of $41.78 billion. During the same period in the previous year, the business earned $0.39 EPS. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. Sell-side analysts expect that Ford Motor will post 1.47 EPS for the current year.

Insider Transactions at Ford Motor

In other Ford Motor news, insider William Clay Ford, Jr. purchased 140,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were purchased at an average cost of $13.82 per share, for a total transaction of $1,934,800.00. Following the acquisition, the insider owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. This represents a 3.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.48% of the company’s stock.

Institutional Trading of Ford Motor

Several hedge funds have recently modified their holdings of the stock. Caprock Group LLC bought a new position in shares of Ford Motor in the 3rd quarter worth $893,000. Versor Investments LP acquired a new stake in Ford Motor in the 3rd quarter valued at $2,187,000. Quantbot Technologies LP increased its stake in Ford Motor by 91.6% during the 3rd quarter. Quantbot Technologies LP now owns 179,619 shares of the auto manufacturer’s stock valued at $2,148,000 after purchasing an additional 85,848 shares in the last quarter. National Pension Service raised its holdings in Ford Motor by 6.7% during the third quarter. National Pension Service now owns 8,099,060 shares of the auto manufacturer’s stock worth $96,865,000 after buying an additional 510,426 shares during the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH raised its holdings in Ford Motor by 180.9% during the third quarter. MASTERINVEST Kapitalanlage GmbH now owns 200,670 shares of the auto manufacturer’s stock worth $2,400,000 after buying an additional 129,228 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.