Goldman Sachs Group Inc. Reiterates “Neutral” Rating for Ford Motor Co. (F)
Ford Motor Co. (NYSE:F)‘s stock had its “neutral” rating reaffirmed by Goldman Sachs Group Inc. in a research note issued to investors on Saturday. They presently have a $12.00 price target on the auto manufacturer’s stock, down from their prior price target of $13.00. Goldman Sachs Group Inc.’s price target indicates a potential downside of 2.36% from the stock’s current price.
A number of other brokerages also recently issued reports on F. Deutsche Bank AG reiterated a “hold” rating and issued a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, August 17th. Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ford Motor in a research report on Monday, September 12th. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $13.45 price objective on the stock. in a research report on Monday, July 4th. Finally, Credit Agricole SA set a $13.00 price objective on Ford Motor and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Ford Motor currently has an average rating of “Hold” and a consensus target price of $14.03.
Shares of Ford Motor (NYSE:F) opened at 12.29 on Friday. The company’s 50-day moving average price is $12.31 and its 200-day moving average price is $12.90. Ford Motor has a 12 month low of $11.02 and a 12 month high of $15.84. The company has a market cap of $48.83 billion, a price-to-earnings ratio of 5.80 and a beta of 1.27.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The company earned $39.50 million during the quarter, compared to the consensus estimate of $36.29 billion. During the same period in the previous year, the business earned $0.47 earnings per share. Ford Motor’s revenue was up 5.4% on a year-over-year basis. Analysts anticipate that Ford Motor will post $1.82 EPS for the current year.
In other news, Director John C. Lechleiter acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was bought at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the acquisition, the director now directly owns 25,000 shares in the company, valued at $306,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sankar S. Nair sold 82,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total transaction of $993,020.00. Following the completion of the transaction, the insider now owns 32,969 shares of the company’s stock, valued at $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in F. 1832 Asset Management L.P. raised its position in shares of 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 worth $100,000 after buying an additional 1,400 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Ford Motor during the first quarter worth $104,000. Balentine LLC purchased a new position in shares of Ford Motor during the second quarter worth $109,000. Bellwether Investment Group LLC purchased a new position in shares of Ford Motor during the second quarter worth $109,000. Finally, Hudock Capital Group LLC raised its position in shares of Ford Motor by 14.9% in the second quarter. Hudock Capital Group LLC now owns 9,250 shares of the auto manufacturer’s stock worth $116,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 56.06% of the company’s stock.
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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