Ford Motor (NYSE:F – Get Rating) had its price target hoisted by equities researchers at Tigress Financial from $20.00 to $22.00 in a note issued to investors on Friday, The Fly reports. Tigress Financial’s target price points to a potential upside of 78.43% from the company’s previous close.
A number of other analysts also recently weighed in on F. Exane BNP Paribas started coverage on shares of Ford Motor in a research report on Monday, April 11th. They set an “outperform” rating for the company. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Wednesday, February 2nd. TheStreet downgraded shares of Ford Motor from a “b” rating to a “c+” rating in a research report on Wednesday, April 27th. Wells Fargo & Company downgraded shares of Ford Motor from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $24.00 to $12.00 in a research report on Wednesday, May 11th. Finally, Benchmark reduced their price objective on shares of Ford Motor from $29.00 to $25.00 in a research report on Monday, May 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus target price of $18.76.
NYSE:F traded down $0.52 on Friday, reaching $12.33. 3,248,422 shares of the stock traded hands, compared to its average volume of 70,249,688. The firm has a market capitalization of $49.56 billion, a price-to-earnings ratio of 4.34, a price-to-earnings-growth ratio of 2.22 and a beta of 1.15. The company’s 50 day moving average is $15.30 and its 200-day moving average is $18.25. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.94. Ford Motor has a 1-year low of $12.15 and a 1-year high of $25.87.
Ford Motor (NYSE:F – Get Rating) last released its earnings results on Wednesday, April 27th. The auto manufacturer reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $32.11 billion for the quarter, compared to analyst estimates of $30.39 billion. Ford Motor had a net margin of 8.57% and a return on equity of 12.46%. During the same period in the prior year, the company posted $0.89 EPS. On average, equities research analysts forecast that Ford Motor will post 1.92 EPS for the current fiscal year.
In other Ford Motor news, insider William Clay Ford, Jr. bought 267,697 shares of the firm’s stock in a transaction dated Thursday, March 24th. The stock was purchased at an average cost of $16.81 per share, with a total value of $4,499,986.57. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Motor Co Ford sold 7,000,000 shares of the firm’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $26.88, for a total value of $188,160,000.00. Following the sale, the insider now directly owns 86,947,494 shares of the company’s stock, valued at $2,337,148,638.72. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in F. Vanguard Group Inc. grew its holdings in Ford Motor by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 325,338,615 shares of the auto manufacturer’s stock valued at $5,501,475,000 after buying an additional 26,707,784 shares in the last quarter. Snider Financial Group grew its holdings in Ford Motor by 100,345.2% during the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock valued at $3,717,000 after buying an additional 219,586,336 shares in the last quarter. State Street Corp grew its holdings in Ford Motor by 2.3% during the 4th quarter. State Street Corp now owns 167,772,396 shares of the auto manufacturer’s stock valued at $3,484,633,000 after buying an additional 3,739,938 shares in the last quarter. Geode Capital Management LLC grew its holdings in Ford Motor by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 66,975,441 shares of the auto manufacturer’s stock valued at $1,387,115,000 after buying an additional 1,749,513 shares in the last quarter. Finally, Norges Bank purchased a new position in Ford Motor during the 4th quarter valued at about $780,129,000. 52.35% of the stock is owned by institutional investors.
About Ford Motor (Get Rating)
Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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