Wall Street Zen Upgrades Ford Motor (NYSE:F) to “Hold”

Ford Motor (NYSE:F) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts have also issued reports on F. UBS Group lifted their target price on Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Barclays increased their price target on Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Piper Sandler upgraded Ford Motor from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $11.00 to $16.00 in a research note on Thursday, January 8th. TD Cowen lifted their price objective on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, January 13th. Finally, Evercore upped their target price on Ford Motor from $12.00 to $14.00 and gave the company an “in-line” rating in a research report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.29.

Ford Motor Trading Down 0.3%

NYSE F opened at $11.34 on Friday. The stock has a market cap of $45.23 billion, a P/E ratio of -5.50, a PEG ratio of 0.26 and a beta of 1.65. The company’s fifty day simple moving average is $13.12 and its 200-day simple moving average is $12.94. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 2.95. Ford Motor has a 52 week low of $8.44 and a 52 week high of $14.80.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The business had revenue of $45.89 billion during the quarter, compared to analyst estimates of $41.78 billion. During the same period last year, the business earned $0.39 EPS. The business’s revenue was down 4.8% on a year-over-year basis. Equities research analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Insider Transactions at Ford Motor

In other news, insider William Clay Ford, Jr. acquired 140,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were purchased at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the completion of the purchase, the insider directly owned 3,912,600 shares of the company’s stock, valued at $54,072,132. This represents a 3.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Corsicana & Co. bought a new position in Ford Motor during the third quarter worth $25,000. Grove Bank & Trust increased its stake in Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. MV Capital Management Inc. acquired a new stake in shares of Ford Motor during the fourth quarter worth $25,000. Olistico Wealth LLC acquired a new stake in shares of Ford Motor during the fourth quarter worth $26,000. Finally, McMillan Office Inc. bought a new position in shares of Ford Motor in the 4th quarter worth about $26,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.