Ford Motor (F) PT Lowered to $9.00 at Buckingham Research

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Ford Motor (NYSE:F) had its price target lowered by stock analysts at Buckingham Research from $10.00 to $9.00 in a research report issued to clients and investors on Thursday, October 25th, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the auto manufacturer’s stock. Buckingham Research’s target price indicates a potential downside of 4.05% from the stock’s current price.

Several other research analysts have also commented on the company. Citigroup reduced their price target on Ford Motor from $10.50 to $9.90 and set a “neutral” rating on the stock in a report on Monday, September 10th. Guggenheim reiterated a “hold” rating and set a $11.50 price target on shares of Ford Motor in a report on Friday, July 27th. Nomura set a $9.00 price target on Ford Motor and gave the stock a “hold” rating in a report on Tuesday, August 14th. Royal Bank of Canada restated a “hold” rating and issued a $11.50 price objective on shares of Ford Motor in a report on Thursday, July 26th. Finally, UBS Group reduced their price objective on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $11.27.

Shares of NYSE F traded down $0.08 during midday trading on Thursday, reaching $9.38. 52,202,471 shares of the stock were exchanged, compared to its average volume of 58,129,960. The stock has a market capitalization of $38.14 billion, a price-to-earnings ratio of 5.27, a PEG ratio of 1.35 and a beta of 0.68. Ford Motor has a twelve month low of $8.17 and a twelve month high of $13.48. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.21 and a quick ratio of 1.08.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. The firm had revenue of $34.66 billion for the quarter, compared to analysts’ expectations of $32.05 billion. During the same quarter last year, the company earned $0.43 EPS. Analysts anticipate that Ford Motor will post 1.34 earnings per share for the current fiscal year.

In other Ford Motor news, Director Ray T. Charley purchased 4,000 shares of the stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average cost of $12.90 per share, with a total value of $51,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Steven R. Armstrong sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $9.54, for a total value of $124,020.00. Following the completion of the sale, the vice president now owns 94,527 shares of the company’s stock, valued at approximately $901,787.58. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Summit Trail Advisors LLC raised its holdings in shares of Ford Motor by 371.4% in the 1st quarter. Summit Trail Advisors LLC now owns 145,231 shares of the auto manufacturer’s stock worth $145,000 after acquiring an additional 114,424 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of Ford Motor in the 1st quarter worth about $147,000. Brown Advisory Inc. raised its holdings in shares of Ford Motor by 45.3% in the 1st quarter. Brown Advisory Inc. now owns 115,213 shares of the auto manufacturer’s stock worth $1,276,000 after acquiring an additional 35,932 shares during the last quarter. Gulf International Bank UK Ltd raised its holdings in shares of Ford Motor by 3.1% in the 2nd quarter. Gulf International Bank UK Ltd now owns 1,203,877 shares of the auto manufacturer’s stock worth $13,326,000 after acquiring an additional 36,440 shares during the last quarter. Finally, DnB Asset Management AS raised its holdings in shares of Ford Motor by 8.8% in the 2nd quarter. DnB Asset Management AS now owns 464,292 shares of the auto manufacturer’s stock worth $5,140,000 after acquiring an additional 37,500 shares during the last quarter. Institutional investors and hedge funds own 54.14% 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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