Ford Motor (NYSE:F) Downgraded by Zacks Research to Hold

Ford Motor (NYSE:F) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

F has been the subject of several other reports. UBS Group lifted their price objective on Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Evercore raised their price target 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. JPMorgan Chase & Co. lifted their price target on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Barclays raised their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, HSBC lifted their target price on shares of Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.29.

Ford Motor Trading Down 1.4%

Shares of Ford Motor stock opened at $11.78 on Monday. The company has a 50-day moving average of $13.45 and a two-hundred day moving average of $12.93. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.80. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 2.95. The stock has a market cap of $46.99 billion, a PE ratio of -5.72, a price-to-earnings-growth ratio of 0.28 and a beta of 1.65.

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

Insider Transactions at Ford Motor

In other Ford Motor news, insider William Clay Ford, Jr. purchased 140,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were purchased at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the purchase, the insider owned 3,912,600 shares in the company, valued at approximately $54,072,132. This represents a 3.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Caxton Associates LLP acquired a new stake in shares of Ford Motor in the first quarter worth approximately $304,000. Empowered Funds LLC increased its position in Ford Motor by 41.6% during the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after purchasing an additional 43,385 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Ford Motor by 1.0% during the second quarter. Avantax Advisory Services Inc. now owns 284,694 shares of the auto manufacturer’s stock worth $3,089,000 after purchasing an additional 2,793 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in Ford Motor by 40.0% during the second quarter. Citizens Financial Group Inc. RI now owns 21,259 shares of the auto manufacturer’s stock worth $231,000 after purchasing an additional 6,072 shares during the period. Finally, Kingsview Wealth Management LLC raised its stake in Ford Motor by 4.1% during the second quarter. Kingsview Wealth Management LLC now owns 118,669 shares of the auto manufacturer’s stock worth $1,288,000 after purchasing an additional 4,707 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

About Ford Motor

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.