Ford Motor (NYSE:F) Rating Lowered to “Hold” at Zacks Research

Ford Motor (NYSE:F) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other brokerages have also recently weighed in on F. Morgan Stanley increased their price target on shares of Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Piper Sandler upgraded shares of Ford Motor from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $11.00 to $16.00 in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ford Motor in a report on Monday, December 22nd. Royal Bank Of Canada reissued a “sector perform” rating and set a $12.00 price target on shares of Ford Motor in a report on Wednesday, February 11th. Finally, Barclays boosted their price target on Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.29.

Ford Motor Trading Down 1.4%

F opened at $11.78 on Monday. 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 52 week low of $8.44 and a 52 week high of $14.80. The business’s 50 day moving average is $13.45 and its two-hundred day moving average is $12.93. The firm has a market cap of $46.99 billion, a price-to-earnings ratio of -5.72, a price-to-earnings-growth ratio of 0.28 and a beta of 1.65.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. The business had revenue of $45.89 billion during the quarter, compared to the consensus estimate 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 revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. On average, research analysts predict that Ford Motor will post 1.47 EPS for the current year.

Insiders Place Their Bets

In other Ford Motor news, insider William Clay Ford, Jr. acquired 140,000 shares of the stock in a transaction on Thursday, February 19th. The shares were bought at an average price of $13.82 per share, with a total value of $1,934,800.00. Following the acquisition, the insider owned 3,912,600 shares of the company’s stock, valued at $54,072,132. This trade represents a 3.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Ford Motor

Large investors have recently modified their holdings of the business. Corsicana & Co. acquired a new position in Ford Motor during the third quarter worth $25,000. Grove Bank & Trust lifted its holdings in Ford Motor by 110.7% in the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. MV Capital Management Inc. purchased a new stake in shares of Ford Motor during the 4th quarter worth $25,000. Olistico Wealth LLC acquired a new position in shares of Ford Motor during the 4th quarter worth $26,000. Finally, McMillan Office Inc. acquired a new position in shares of Ford Motor during the 4th quarter worth $26,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Company Profile

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.