Ford Motor Co. (F) Stock Rating Reaffirmed by Bank of America Corp.
Bank of America Corp. restated their neutral rating on shares of Ford Motor Co. (NYSE:F) in a research report released on Wednesday morning. The firm currently has a $14.00 price objective on the auto manufacturer’s stock.
Several other equities research analysts have also commented on the stock. Vetr raised shares of 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. Piper Jaffray Cos. started coverage on shares of Ford Motor in a report on Thursday, June 9th. They issued an overweight rating and a $17.00 price target for the company. JPMorgan Chase & Co. reissued an overweight rating on shares of Ford Motor in a report on Monday, September 12th. Rodman & Renshaw started coverage on shares of Ford Motor in a report on Monday, July 18th. They issued a buy rating for the company. Finally, Seaport Global Securities began coverage on shares of Ford Motor in a report on Tuesday, August 9th. They issued a buy rating and a $20.00 price target for the company. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Ford Motor presently has an average rating of Hold and an average price target of $14.38.
Shares of Ford Motor (NYSE:F) opened at 12.11 on Wednesday. The firm has a 50-day moving average of $12.36 and a 200-day moving average of $13.02. The stock has a market cap of $48.12 billion, a PE ratio of 5.71 and a beta of 1.30. Ford Motor has a one year low of $11.02 and a one year high of $15.84.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by $0.08. The company earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. Ford Motor’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. On average, equities research analysts expect that Ford Motor will post $1.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend was Tuesday, July 26th. Ford Motor’s dividend payout ratio (DPR) is currently 29.27%.
In other Ford Motor news, Director John C. Lechleiter bought 5,000 shares of Ford Motor stock in a transaction on Monday, August 8th. The stock was bought at an average price of $12.26 per share, with a total value of $61,300.00. Following the completion of the acquisition, the director now owns 25,000 shares in the company, valued at $306,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. increased its position in Ford Motor by 21.5% in the second quarter. 1832 Asset Management L.P. now owns 7,900 shares of the auto manufacturer’s stock valued at $100,000 after buying an additional 1,400 shares during the period. Acrospire Investment Management LLC purchased a new position in Ford Motor during the first quarter valued at about $104,000. Balentine LLC purchased a new position in Ford Motor during the second quarter valued at about $109,000. Bellwether Investment Group LLC purchased a new position in Ford Motor during the second quarter valued at about $109,000. Finally, Hudock Capital Group LLC increased its position in Ford Motor by 14.9% in the second quarter. Hudock Capital Group LLC now owns 9,250 shares of the auto manufacturer’s stock valued at $116,000 after buying an additional 1,200 shares during the period. 56.06% of the stock is owned by 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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