Ford Motor Company (NYSE:F) Lifted to Buy at Vetr Inc.
Ford Motor Company (NYSE:F) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Wednesday, October 4th. The firm currently has a $13.34 target price on the auto manufacturer’s stock. Vetr‘s price target suggests a potential upside of 10.71% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Berenberg Bank set a $10.00 price target on Ford Motor and gave the company a “sell” rating in a report on Monday, June 12th. Guggenheim started coverage on Ford Motor in a report on Wednesday, June 21st. They issued a “neutral” rating and a $13.00 target price for the company. ValuEngine lowered Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Buckingham Research restated a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a report on Thursday, August 24th. Finally, Bank of America Corporation restated a “buy” rating and issued a $12.50 target price (down from $14.00) on shares of Ford Motor in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $12.44.
Ford Motor (NYSE F) traded down 0.58% on Wednesday, hitting $12.05. 44,597,334 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $11.72 and its 200-day moving average price is $11.31. The company has a market cap of $47.86 billion, a PE ratio of 12.68 and a beta of 1.12. Ford Motor has a 12-month low of $10.47 and a 12-month high of $13.27.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The company had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. Analysts forecast that Ford Motor will post $1.75 earnings per share for the current year.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the transaction, the vice president now directly owns 10 shares in the company, valued at $110. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Hau N. Thai-Tang sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total value of $287,500.00. Following the completion of the transaction, the insider now owns 76,358 shares of the company’s stock, valued at $878,117. The disclosure for this sale can be found here. Insiders sold 217,700 shares of company stock valued at $2,486,044 over the last 90 days. Corporate insiders own 1.08% of the company’s stock.
A number of hedge funds have recently bought and sold shares of F. Maple Capital Management Inc. grew its stake in Ford Motor by 6.4% in the first quarter. Maple Capital Management Inc. now owns 15,754 shares of the auto manufacturer’s stock valued at $183,000 after purchasing an additional 948 shares in the last quarter. Elkfork Partners LLC lifted its position in shares of Ford Motor by 4.4% in the first quarter. Elkfork Partners LLC now owns 612,136 shares of the auto manufacturer’s stock valued at $7,125,000 after buying an additional 25,568 shares during the last quarter. Suntrust Banks Inc. lifted its position in shares of Ford Motor by 3.1% in the first quarter. Suntrust Banks Inc. now owns 254,003 shares of the auto manufacturer’s stock valued at $2,954,000 after buying an additional 7,755 shares during the last quarter. Planning Alternatives Ltd. ADV lifted its position in shares of Ford Motor by 48.9% in the first quarter. Planning Alternatives Ltd. ADV now owns 89,724 shares of the auto manufacturer’s stock valued at $1,044,000 after buying an additional 29,481 shares during the last quarter. Finally, Aspen Investment Management Inc lifted its position in shares of Ford Motor by 2.8% in the first quarter. Aspen Investment Management Inc now owns 14,782 shares of the auto manufacturer’s stock valued at $172,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 54.35% 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.
To view Vetr’s full report, visit Vetr’s official website.
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