Vetr Inc. Upgrades Ford Motor Co. (F) to “Strong-Buy”
Vetr upgraded shares of Ford Motor Co. (NYSE:F) from a buy rating to a strong-buy rating in a report published on Tuesday. The firm currently has $13.77 price objective on the auto manufacturer’s stock.
Several other equities research analysts also recently commented on F. Jefferies Group reiterated a sell rating on shares of Ford Motor in a research note on Sunday, September 4th. Barclays PLC reiterated an equal weight rating and set a $13.00 price objective (down from $14.00) on shares of Ford Motor in a research note on Tuesday, July 19th. Nomura began coverage on shares of Ford Motor in a research note on Tuesday, September 20th. They set a buy rating and a $14.00 price objective for the company. Credit Agricole SA lowered their price objective on shares of Ford Motor from $15.00 to $13.00 and set an outperform rating for the company in a research note on Friday, July 29th. Finally, Deutsche Bank AG reiterated a hold rating and set a $13.00 price objective on shares of Ford Motor in a research note on Friday, September 16th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $14.06.
Shares of Ford Motor (NYSE:F) opened at 11.91 on Tuesday. The stock has a market cap of $47.32 billion, a price-to-earnings ratio of 5.62 and a beta of 1.27. The firm has a 50-day moving average price of $12.25 and a 200-day moving average price of $12.86. Ford Motor has a 52 week low of $11.02 and a 52 week high of $15.84.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. During the same period in the prior year, the firm posted $0.47 earnings per share. Ford Motor’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that Ford Motor will post $1.82 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $0.60 annualized dividend and a dividend yield of 5.04%. Ford Motor’s dividend payout ratio (DPR) is 29.27%.
In other news, insider Sankar S. Nair sold 82,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total value of $993,020.00. Following the transaction, the insider now directly owns 32,969 shares in the company, valued at approximately $399,254.59. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John C. Lechleiter acquired 5,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was bought at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the acquisition, the director now owns 25,000 shares in the company, valued at approximately $306,500. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Capital World Investors raised its position in shares of Ford Motor by 139.8% in the second quarter. Capital World Investors now owns 19,245,000 shares of the auto manufacturer’s stock valued at $241,910,000 after buying an additional 11,220,000 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Ford Motor by 3.8% in the second quarter. Vanguard Group Inc. now owns 244,456,762 shares of the auto manufacturer’s stock valued at $3,072,821,000 after buying an additional 8,920,917 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Ford Motor during the first quarter valued at approximately $95,992,000. Ameriprise Financial Inc. raised its position in shares of Ford Motor by 17.5% in the second quarter. Ameriprise Financial Inc. now owns 30,706,144 shares of the auto manufacturer’s stock valued at $385,950,000 after buying an additional 4,582,387 shares in the last quarter. Finally, Columbus Circle Investors bought a new position in shares of Ford Motor during the second quarter valued at approximately $56,640,000. Hedge funds and other institutional investors own 56.05% 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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