Cascend Securities Downgrades Ford Motor (F) to Buy
Ford Motor (NYSE:F) was downgraded by investment analysts at Cascend Securities to a “buy” rating in a report issued on Tuesday.
A number of other research analysts have also weighed in on F. BidaskClub lowered shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Morgan Stanley reissued an “equal weight” rating on shares of Ford Motor in a research report on Tuesday, November 28th. Vetr downgraded shares of Ford Motor from a “buy” rating to a “hold” rating and set a $12.34 price objective for the company. in a report on Wednesday, September 27th. ValuEngine upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Instinet downgraded shares of Ford Motor from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $14.80 to $11.60 in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $12.61.
Ford Motor (NYSE F) opened at $12.38 on Tuesday. Ford Motor has a 12 month low of $10.47 and a 12 month high of $13.27. The stock has a market cap of $50,170.18, a price-to-earnings ratio of 7.52, a P/E/G ratio of 0.65 and a beta of 1.24. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.08 and a current ratio of 1.19.
Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The firm had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same period last year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. analysts predict that Ford Motor will post 1.81 EPS for the current year.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $11.40, for a total transaction of $285,000.00. Following the completion of the sale, the insider now directly owns 403,411 shares in the company, valued at $4,598,885.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven R. Armstrong sold 22,076 shares of Ford Motor stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total transaction of $273,080.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,076 shares of company stock valued at $1,095,580. 1.08% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Archford Capital Strategies LLC increased its stake in shares of Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after buying an additional 676 shares during the period. Captrust Financial Advisors purchased a new position in shares of Ford Motor in the second quarter worth $106,000. Balentine LLC increased its stake in shares of Ford Motor by 4.0% in the second quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock worth $106,000 after buying an additional 365 shares during the period. FNY Managed Accounts LLC increased its position in Ford Motor by 0.3% during the 1st quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after purchasing an additional 34 shares during the period. Finally, Kelman Lazarov Inc. purchased a new position in Ford Motor during the 2nd quarter valued at $116,000. Hedge funds and other institutional investors own 53.78% of the company’s stock.
Ford Motor Company Profile
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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