Ford Motor Company (NYSE:F) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, November 8th.
According to Zacks, “Ford posted adjusted earnings per share of 43 cents in the third quarter of 2017, which came in higher than both the prior-year quarter figure and the Zacks Consensus Estimate. Also, the company logged automotive revenues of $33.6 billion, surpassing the Zacks Consensus Estimate of $32.9 billion. Ford is also expanding its production capacity in many emerging markets to facilitate supply, cost reduction and manage transportation challenges. It has been making quite a large amount of investment for the development of next generation cars, which can be beneficial in the long-run but, are likely to create short-term strains on the financials of the company. Also, frequent product recalls and rising structural expenses are other issues faced by the company. Year to date, Ford has underperformed the industry it belongs to.”
A number of other equities research analysts have also issued reports on F. Buckingham Research restated a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a research report on Thursday, August 24th. Royal Bank Of Canada restated a “buy” rating on shares of Ford Motor in a research note on Tuesday, August 15th. Instinet cut Ford Motor from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $14.80 to $11.60 in a research note on Wednesday, August 9th. Nomura cut Ford Motor to a “hold” rating in a research note on Saturday, August 5th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $12.00 price target on shares of Ford Motor in a research note on Sunday, September 10th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.63.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The business had revenue of $33.65 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. equities analysts anticipate that Ford Motor will post 1.81 EPS for the current fiscal year.
In related news, insider Hau N. Thai-Tang sold 25,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total transaction of $287,500.00. Following the sale, the insider now owns 76,358 shares in the company, valued at $878,117. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total transaction of $273,080.12. The disclosure for this sale can be found here. Insiders sold a total of 137,076 shares of company stock worth $1,599,180 in the last quarter. 1.08% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Ford Motor by 1.0% in the second quarter. Vanguard Group Inc. now owns 264,421,059 shares of the auto manufacturer’s stock worth $2,958,871,000 after purchasing an additional 2,491,009 shares in the last quarter. BlackRock Inc. raised its stake in Ford Motor by 2.4% in the 2nd quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock valued at $2,624,814,000 after acquiring an additional 5,562,630 shares during the period. State Street Corp raised its stake in Ford Motor by 2.5% in the 1st quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock valued at $1,896,009,000 after acquiring an additional 3,999,705 shares during the period. Franklin Resources Inc. grew its holdings in Ford Motor by 5.7% during the 2nd quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock valued at $981,407,000 after buying an additional 4,706,379 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Ford Motor by 0.5% during the 1st quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock valued at $881,979,000 after buying an additional 391,692 shares in the last quarter. Hedge funds and other institutional investors own 53.39% of the company’s stock.
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Ford Motor Company Profile
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.
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