Zacks Investment Research cut shares of Ford Motor Company (NYSE:F) from a buy rating to a hold rating in a report published on Wednesday morning.
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.”
Several other analysts have also recently weighed in on the stock. TheStreet upgraded shares of Ford Motor from a c+ rating to a b- rating in a research report on Thursday, October 5th. Royal Bank Of Canada restated a buy rating on shares of Ford Motor in a research report on Tuesday, August 15th. Piper Jaffray Companies restated a buy rating and set a $14.00 price objective on shares of Ford Motor in a research report on Friday, July 28th. Vetr cut shares of Ford Motor from a strong-buy rating to a buy rating and set a $12.54 price objective on the stock. in a research report on Monday, September 4th. Finally, ValuEngine upgraded shares of Ford Motor from a hold rating to a buy rating in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of C$12.63.
Shares of Ford Motor (NYSE F) traded down C$0.02 during trading hours on Wednesday, reaching C$12.01. 35,300,000 shares of the company’s stock traded hands, compared to its average volume of 36,290,996. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.08 and a current ratio of 1.19. Ford Motor has a 1 year low of C$10.47 and a 1 year high of C$13.27. The company has a market cap of $47,707.35, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 26th. The company reported C$0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.33 by C$0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The firm had revenue of C$33.65 billion during the quarter, compared to the consensus estimate of C$32.80 billion. During the same period last year, the firm earned $0.26 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. sell-side analysts forecast that Ford Motor will post 1.81 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend is Friday, October 20th. Ford Motor’s payout ratio is 54.55%.
In other news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction dated Monday, September 11th. The shares were sold at an average price of C$11.40, for a total transaction of C$285,000.00. Following the sale, the insider now owns 403,411 shares of the company’s stock, valued at approximately C$4,598,885.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of C$11.34, for a total transaction of C$453,600.00. Following the sale, the insider now directly owns 532,435 shares in the company, valued at approximately C$6,037,812.90. The disclosure for this sale can be found here. Insiders have sold a total of 137,076 shares of company stock worth $1,599,180 in the last ninety days. Insiders own 1.08% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in F. Balentine LLC boosted its stake in Ford Motor by 2.6% during the first quarter. Balentine LLC now owns 9,097 shares of the company’s stock worth $106,000 after acquiring an additional 231 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in Ford Motor by 7.8% during the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the company’s stock worth $109,000 after acquiring an additional 676 shares in the last quarter. Captrust Financial Advisors bought a new stake in Ford Motor during the second quarter worth about $106,000. Reilly Financial Advisors LLC boosted its stake in Ford Motor by 1.5% during the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the company’s stock worth $110,000 after acquiring an additional 150 shares in the last quarter. Finally, FNY Managed Accounts LLC boosted its stake in Ford Motor by 0.3% during the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the company’s stock worth $120,000 after acquiring an additional 34 shares in the last quarter. 54.20% of the stock is currently owned by hedge funds and other institutional investors.
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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