Investors Buy Ford Motor Co. (F) on Weakness
Traders purchased shares of Ford Motor Co. (NYSE:F) on weakness during trading on Friday. $80.34 million flowed into the stock on the tick-up and $60.76 million flowed out of the stock on the tick-down, for a money net flow of $19.58 million into the stock. Of all companies tracked, Ford Motor had the 32nd highest net in-flow for the day. Ford Motor traded down ($0.16) for the day and closed at $12.44
Several brokerages recently weighed in on F. Zacks Investment Research lowered Ford Motor from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. JPMorgan Chase & Co. lowered their price target on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, July 29th. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 price target for the company in a report on Monday, June 27th. Barclays PLC reiterated an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a report on Friday, May 27th. Finally, Piper Jaffray Cos. initiated coverage on Ford Motor in a report on Thursday, June 9th. They issued an “overweight” rating and a $17.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.57.
The company has a market cap of $49.67 billion and a price-to-earnings ratio of 5.90. The company’s 50-day moving average price is $12.72 and its 200-day moving average price is $13.02.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.08. During the same quarter last year, the firm posted $0.47 EPS. The firm had revenue of $39.50 million for the quarter, compared to the consensus estimate of $36.29 billion. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts expect that Ford Motor Co. will post $1.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, July 28th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, July 26th. This represents a $0.60 annualized dividend and a dividend yield of 4.80%.
In related news, Director John C. Lechleiter acquired 5,000 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were bought at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the acquisition, the director now owns 25,000 shares in the company, valued at approximately $306,500. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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