Ford Motor Company (NYSE:F) Stock Rating Reaffirmed by Jefferies Group LLC
Ford Motor Company (NYSE:F)‘s stock had its “neutral” rating reissued by equities researchers at Jefferies Group LLC in a research report issued on Monday.
A number of other brokerages have also issued reports on F. Zacks Investment Research raised Ford Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 24th. Nomura reissued a “buy” rating and issued a $14.80 price target on shares of Ford Motor in a research note on Tuesday, May 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Friday, May 5th. Deutsche Bank AG reissued a “hold” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 24th. Finally, Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price target on the stock. in a research note on Wednesday, May 31st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.97.
Ford Motor (NYSE F) opened at 10.89 on Monday. Ford Motor has a 12 month low of $10.67 and a 12 month high of $13.27. The stock’s 50 day moving average is $11.31 and its 200 day moving average is $11.67. The firm has a market cap of $43.25 billion, a PE ratio of 11.46 and a beta of 1.11.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. The firm had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. On average, equities analysts forecast that Ford Motor will post $1.76 earnings per share for the current year.
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In other Ford Motor news, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the sale, the vice president now directly owns 10 shares in the company, valued at approximately $110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the sale, the insider now owns 428,411 shares in the company, valued at $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of F. BlackRock Inc. increased its stake in Ford Motor by 2,991.4% in the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock valued at $2,665,619,000 after buying an additional 221,597,419 shares in the last quarter. Pzena Investment Management LLC increased its stake in Ford Motor by 38.4% in the second quarter. Pzena Investment Management LLC now owns 23,812,718 shares of the auto manufacturer’s stock valued at $266,464,000 after buying an additional 6,611,425 shares in the last quarter. Vanguard Group Inc. increased its stake in Ford Motor by 2.3% in the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock valued at $3,048,866,000 after buying an additional 6,013,577 shares in the last quarter. Morgan Stanley increased its stake in Ford Motor by 11.5% in the first quarter. Morgan Stanley now owns 39,103,837 shares of the auto manufacturer’s stock valued at $455,168,000 after buying an additional 4,040,717 shares in the last quarter. Finally, State Street Corp increased its stake in Ford Motor by 2.5% in the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock valued at $1,896,009,000 after buying an additional 3,999,705 shares in the last quarter. Institutional investors own 55.23% of the company’s stock.
About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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