Zacks Investment Research upgraded shares of Ford Motor (NYSE:F) from a hold rating to a buy rating in a research note released on Tuesday, January 9th. Zacks Investment Research currently has $15.00 price target on the auto manufacturer’s stock.
According to Zacks, “Ford is 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. In the past one year, Ford has underperformed the industry it belongs to.”
Other equities analysts also recently issued reports about the stock. Piper Jaffray Companies set a $14.00 price objective on shares of Ford Motor and gave the stock a buy rating in a report on Monday, October 16th. FIG Partners reaffirmed a hold rating on shares of Ford Motor in a report on Monday, October 9th. Morgan Stanley reaffirmed an equal weight rating on shares of Ford Motor in a report on Tuesday, November 28th. Vetr raised shares of Ford Motor from a hold rating to a buy rating and set a $13.34 price objective for the company in a report on Wednesday, October 4th. Finally, Jefferies Group lifted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company a hold rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. Ford Motor currently has a consensus rating of Hold and an average target price of $12.66.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.10. The company had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. sell-side analysts predict that Ford Motor will post 1.81 earnings per share for the current fiscal year.
In other Ford Motor news, insider Hau N. Thai-Tang sold 19,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $12.50, for a total value of $237,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven R. Armstrong sold 10,752 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $12.32, for a total transaction of $132,464.64. Following the completion of the transaction, the insider now directly owns 101,159 shares of the company’s stock, valued at $1,246,278.88. The disclosure for this sale can be found here. Insiders have sold a total of 47,752 shares of company stock valued at $603,965 over the last three months. 1.08% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in F. Gofen & Glossberg LLC IL grew its position in shares of Ford Motor by 168.0% during the 4th quarter. Gofen & Glossberg LLC IL now owns 40,283 shares of the auto manufacturer’s stock worth $503,000 after buying an additional 25,250 shares during the period. Atria Investments LLC grew its position in shares of Ford Motor by 8.2% during the 4th quarter. Atria Investments LLC now owns 340,657 shares of the auto manufacturer’s stock worth $4,255,000 after buying an additional 25,873 shares during the period. Hexavest Inc. grew its position in shares of Ford Motor by 33.2% during the 4th quarter. Hexavest Inc. now owns 4,573,391 shares of the auto manufacturer’s stock worth $57,122,000 after buying an additional 1,140,513 shares during the period. Bristol Advisors LLC grew its position in shares of Ford Motor by 598.4% during the 4th quarter. Bristol Advisors LLC now owns 174,600 shares of the auto manufacturer’s stock worth $2,181,000 after buying an additional 149,600 shares during the period. Finally, Greenhaven Associates Inc. acquired a new stake in shares of Ford Motor during the 4th quarter worth approximately $164,194,000. 53.60% of the stock is owned by 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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