Ford Motor (NYSE:F) Coverage Initiated by Analysts at Wells Fargo & Company


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Wells Fargo & Company initiated coverage on shares of Ford Motor (NYSE:F) in a report released on Monday morning, PriceTargets.com reports. The firm issued an overweight rating and a $15.00 target price on the auto manufacturer’s stock.

Several other brokerages also recently commented on F. Benchmark lifted their target price on shares of Ford Motor from $12.00 to $14.00 and gave the stock a buy rating in a research note on Friday, February 5th. Morgan Stanley downgraded shares of Ford Motor from an equal weight rating to an underweight rating and set a $9.00 target price on the stock. in a research note on Friday, January 29th. Argus raised shares of Ford Motor from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research report on Tuesday, February 9th. JPMorgan Chase & Co. set a $14.00 price objective on shares of Ford Motor and gave the company an overweight rating in a research report on Friday, January 22nd. Finally, Barclays raised shares of Ford Motor from an equal weight rating to an overweight rating and boosted their price objective for the company from $9.00 to $16.00 in a research report on Thursday, March 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $10.95.

Shares of NYSE F opened at $12.73 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 3.20. Ford Motor has a 52 week low of $4.52 and a 52 week high of $13.62. The firm’s fifty day moving average is $12.30 and its 200 day moving average is $9.74. The company has a market cap of $50.65 billion, a price-to-earnings ratio of -318.25, a PEG ratio of 1.38 and a beta of 1.27.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 3rd. The auto manufacturer reported $0.34 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.41. Ford Motor had a negative net margin of 0.12% and a positive return on equity of 2.48%. The company had revenue of $33.20 billion for the quarter, compared to the consensus estimate of $32.89 billion. Equities research analysts anticipate that Ford Motor will post -0.03 earnings per share for the current year.

In other news, insider Hau N. Thai-Tang sold 90,000 shares of the business’s stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $12.87, for a total transaction of $1,158,300.00. Following the sale, the insider now owns 727,651 shares in the company, valued at approximately $9,364,868.37. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.91% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Hodges Capital Management Inc. bought a new position in Ford Motor in the 1st quarter worth about $153,000. Carroll Financial Associates Inc. boosted its stake in Ford Motor by 13.3% in the 1st quarter. Carroll Financial Associates Inc. now owns 22,071 shares of the auto manufacturer’s stock worth $270,000 after purchasing an additional 2,585 shares in the last quarter. Everence Capital Management Inc. bought a new position in Ford Motor in the 1st quarter worth about $806,000. TrimTabs Asset Management LLC bought a new position in Ford Motor in the 1st quarter worth about $849,000. Finally, Everhart Financial Group Inc. bought a new position in Ford Motor in the 4th quarter worth about $102,000. Institutional investors own 48.81% of the company’s stock.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

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Analyst Recommendations for Ford Motor (NYSE:F)

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