Ford Motor (NYSE:F) Now Covered by Analysts at Bank of America

Stock analysts at Bank of America began coverage on shares of Ford Motor (NYSE:F) in a research report issued on Wednesday. The brokerage set a “buy” rating and a $17.00 price target on the auto manufacturer’s stock. Bank of America‘s target price would suggest a potential upside of 30.77% from the company’s current price.

A number of other equities analysts have also recently weighed in on F. TD Cowen increased their price target on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. increased their target price on shares of Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Evercore boosted their price target on shares of Ford Motor from $12.00 to $14.00 and gave the company an “in-line” rating in a research note on Monday, December 22nd. UBS Group increased their price objective on shares of Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.29.

Ford Motor Trading Up 2.4%

Shares of Ford Motor stock traded up $0.30 during mid-day trading on Wednesday, hitting $13.00. The stock had a trading volume of 23,633,730 shares, compared to its average volume of 69,840,641. The firm has a 50-day moving average of $13.73 and a two-hundred day moving average of $12.91. The firm has a market cap of $51.86 billion, a P/E ratio of -6.31, a price-to-earnings-growth ratio of 0.32 and a beta of 1.65. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 2.95. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.80.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The firm had revenue of $45.89 billion for the quarter, compared to analysts’ expectations of $41.78 billion. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share. Sell-side analysts forecast that Ford Motor will post 1.47 earnings per share for the current year.

Insider Transactions at Ford Motor

In related news, insider William Clay Ford, Jr. bought 140,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the purchase, the insider directly owned 3,912,600 shares of the company’s stock, valued at $54,072,132. This trade represents a 3.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Swiss National Bank boosted its position in shares of Ford Motor by 7.4% during the 2nd quarter. Swiss National Bank now owns 11,822,986 shares of the auto manufacturer’s stock valued at $128,279,000 after purchasing an additional 813,800 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Ford Motor by 7.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,476,340 shares of the auto manufacturer’s stock worth $81,118,000 after acquiring an additional 510,473 shares during the last quarter. Aviva PLC increased its stake in Ford Motor by 1,280.3% in the 2nd quarter. Aviva PLC now owns 2,919,334 shares of the auto manufacturer’s stock worth $31,675,000 after purchasing an additional 2,707,834 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Ford Motor during the third quarter valued at approximately $893,000. Finally, Versor Investments LP purchased a new stake in shares of Ford Motor in the third quarter valued at $2,187,000. Hedge funds and other institutional investors 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.