BMO Capital Markets reissued their hold rating on shares of Ford Motor (NYSE:F) in a research report report published on Monday morning. The firm currently has a $8.50 target price on the auto manufacturer’s stock.
A number of other brokerages have also recently issued reports on F. Zacks Investment Research raised Ford Motor from a strong sell rating to a hold rating in a report on Tuesday, October 30th. Nomura lowered their target price on Ford Motor from $9.00 to $8.10 and set a neutral rating for the company in a report on Tuesday, October 30th. ValuEngine raised Ford Motor from a strong sell rating to a sell rating in a report on Wednesday, October 31st. Buckingham Research lowered their target price on Ford Motor from $10.00 to $9.00 and set a neutral rating for the company in a report on Thursday, October 25th. Finally, Bank of America lowered their target price on Ford Motor from $12.50 to $10.00 and set a neutral rating for the company in a report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $10.59.
Ford Motor stock opened at $8.85 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 2.80. Ford Motor has a 52 week low of $7.41 and a 52 week high of $13.48. The firm has a market cap of $34.65 billion, a PE ratio of 4.97, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Ford Motor had a return on equity of 15.48% and a net margin of 3.88%. The company had revenue of $34.66 billion during the quarter, compared to analysts’ expectations of $32.05 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. As a group, research analysts forecast that Ford Motor will post 1.35 EPS for the current year.
In other Ford Motor news, Director Ray T. Charley bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The shares were bought at an average price of $12.90 per share, for a total transaction of $51,600.00. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.95% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the stock. Newport Trust Co boosted its holdings in Ford Motor by 1.1% in the third quarter. Newport Trust Co now owns 186,611,338 shares of the auto manufacturer’s stock worth $1,726,155,000 after acquiring an additional 2,052,203 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Ford Motor by 194.8% in the third quarter. Franklin Resources Inc. now owns 62,573,799 shares of the auto manufacturer’s stock valued at $578,807,000 after purchasing an additional 41,346,111 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ford Motor by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 39,672,426 shares of the auto manufacturer’s stock valued at $366,957,000 after purchasing an additional 224,192 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Ford Motor by 35.0% in the second quarter. Morgan Stanley now owns 37,425,458 shares of the auto manufacturer’s stock valued at $414,298,000 after purchasing an additional 9,710,528 shares in the last quarter. Finally, Greenhaven Associates Inc. lifted its holdings in shares of Ford Motor by 1.0% in the third quarter. Greenhaven Associates Inc. now owns 33,038,548 shares of the auto manufacturer’s stock valued at $305,607,000 after purchasing an additional 316,000 shares in the last quarter. Institutional investors own 54.05% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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