Ford Motor Co. (F) Stock Rating Reaffirmed by Bank of America Corp.
Bank of America Corp. reaffirmed their neutral rating on shares of Ford Motor Co. (NYSE:F) in a report issued on Wednesday morning. They currently have a $14.00 price objective on the auto manufacturer’s stock.
Other equities research analysts also recently issued reports about the company. TheStreet upgraded Ford Motor to a buy rating in a report on Thursday, May 26th. Vetr downgraded Ford Motor from a strong-buy rating to a buy rating and set a $14.04 price objective for the company. in a research note on Monday, May 23rd. Tigress Financial restated a buy rating on shares of Ford Motor in a research note on Tuesday, June 21st. Zacks Investment Research upgraded Ford Motor from a hold rating to a buy rating and set a $15.00 price objective for the company in a research note on Tuesday, June 21st. Finally, JPMorgan Chase & Co. restated a buy rating on shares of Ford Motor in a research note on Wednesday, June 1st. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $14.38.
Ford Motor (NYSE:F) opened at 12.11 on Wednesday. The firm has a market cap of $48.12 billion, a P/E ratio of 5.71 and a beta of 1.30. Ford Motor has a 1-year low of $11.02 and a 1-year high of $15.84. The stock’s 50 day moving average price is $12.36 and its 200 day moving average price is $13.02.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The firm earned $39.50 million during the quarter, compared to the consensus estimate of $36.29 billion. During the same quarter last year, the firm posted $0.47 earnings per share. Ford Motor’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts predict that Ford Motor will post $1.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, July 28th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.95%. The ex-dividend date was Tuesday, July 26th. Ford Motor’s dividend payout ratio is currently 29.27%.
In other Ford Motor news, Director John C. Lechleiter acquired 5,000 shares of Ford Motor stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average cost of $12.26 per share, with a total value of $61,300.00. Following the purchase, the director now owns 25,000 shares in the company, valued at $306,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. Mount Lucas Management LP increased its stake in shares of Ford Motor by 60.3% in the first quarter. Mount Lucas Management LP now owns 1,885,747 shares of the auto manufacturer’s stock valued at $25,458,000 after buying an additional 709,103 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of Ford Motor by 1.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,838,615 shares of the auto manufacturer’s stock valued at $78,821,000 after buying an additional 72,800 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Ford Motor by 3.3% in the first quarter. Legal & General Group Plc now owns 18,761,433 shares of the auto manufacturer’s stock valued at $253,250,000 after buying an additional 597,065 shares in the last quarter. Natixis increased its stake in shares of Ford Motor by 1,101.7% in the first quarter. Natixis now owns 4,883,711 shares of the auto manufacturer’s stock valued at $65,930,000 after buying an additional 4,477,314 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of Ford Motor by 38.8% in the first quarter. Nuveen Asset Management LLC now owns 2,147,045 shares of the auto manufacturer’s stock valued at $28,986,000 after buying an additional 600,568 shares in the last quarter. 56.06% of the stock is owned by hedge funds and other institutional investors.
About Ford Motor
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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