Ford Motor (NYSE:F – Get Rating) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Thursday.
Other equities research analysts also recently issued research reports about the company. TheStreet raised Ford Motor from a "c" rating to a "b-" rating in a report on Wednesday, July 27th. Nomura upgraded Ford Motor from a "reduce" rating to a "neutral" rating and set a $12.40 target price on the stock in a research report on Thursday, July 21st. Berenberg Bank started coverage on shares of Ford Motor in a report on Tuesday, May 10th. They issued a "hold" rating and a $17.00 target price for the company. Tigress Financial upped their price objective on shares of Ford Motor from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, May 20th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Ford Motor from $12.00 to $13.00 in a research report on Thursday, July 28th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Ford Motor presently has a consensus rating of "Hold" and a consensus target price of $17.74.
Get Ford Motor alerts:Ford Motor Stock Performance
Shares of F stock traded up $0.33 on Thursday, hitting $15.83. The company's stock had a trading volume of 61,064,331 shares, compared to its average volume of 80,313,672. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.00 and a current ratio of 1.16. The company has a market capitalization of $63.64 billion, a PE ratio of 5.53, a PEG ratio of 0.82 and a beta of 1.33. The stock's 50 day moving average is $12.73 and its 200-day moving average is $14.94. Ford Motor has a fifty-two week low of $10.61 and a fifty-two week high of $25.87.
Ford Motor (NYSE:F – Get Rating) last issued its earnings results on Wednesday, July 27th. The auto manufacturer reported $0.68 EPS for the quarter, beating the consensus estimate of $0.44 by $0.24. The company had revenue of $37.91 billion during the quarter, compared to analysts' expectations of $35.17 billion. Ford Motor had a net margin of 7.86% and a return on equity of 16.91%. The business's revenue for the quarter was up 57.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. Equities research analysts expect that Ford Motor will post 2.03 earnings per share for the current fiscal year.Insiders Place Their Bets
In other Ford Motor news, insider Ashwani Kumar Galhotra sold 25,892 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $12.41, for a total transaction of $321,319.72. Following the transaction, the insider now directly owns 511,605 shares in the company, valued at approximately $6,349,018.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Ashwani Kumar Galhotra sold 25,892 shares of the company's stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $12.41, for a total transaction of $321,319.72. Following the transaction, the insider now owns 511,605 shares in the company, valued at $6,349,018.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Motor Co Ford sold 7,000,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now 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.
Hedge Funds Weigh In On Ford Motor
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased 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 worth $5,501,475,000 after purchasing an additional 26,707,784 shares in the last quarter. Snider Financial Group boosted its position in shares of Ford Motor by 100,345.2% during the first 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 during the last quarter. State Street Corp grew its holdings in Ford Motor by 2.3% during the fourth quarter. State Street Corp now owns 167,772,396 shares of the auto manufacturer's stock worth $3,484,633,000 after buying an additional 3,739,938 shares in the last quarter. Geode Capital Management LLC raised its position in Ford Motor by 2.7% in 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 during the last quarter. Finally, Norges Bank bought a new position in Ford Motor during the 4th quarter valued at $780,129,000. 52.35% of the stock is owned by institutional investors and hedge funds.
Ford Motor Company Profile
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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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