Ford Motor (NYSE:F – Get Free Report) had its price objective lifted by equities researchers at Morgan Stanley from $15.00 to $16.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the auto manufacturer’s stock. Morgan Stanley’s price objective would suggest a potential upside of 26.38% from the stock’s previous close.
F has been the topic of a number of other research reports. BNP Paribas lowered shares of Ford Motor from an “outperform” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research report on Wednesday, December 13th. Redburn Atlantic assumed coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price on the stock. HSBC initiated coverage on shares of Ford Motor in a research report on Monday, December 4th. They set a “hold” rating and a $11.30 price target on the stock. Citigroup upped their price target on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Barclays upped their price target on Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.81.
Ford Motor Stock Down 2.5 %
NYSE F traded down $0.32 during trading on Tuesday, reaching $12.66. The company’s stock had a trading volume of 43,233,613 shares, compared to its average volume of 60,042,094. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of $50.68 billion, a PE ratio of 11.69, a PEG ratio of 1.02 and a beta of 1.62. The business has a 50-day moving average price of $11.77 and a 200-day moving average price of $11.67. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42.
Ford Motor (NYSE:F – Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The company had revenue of $43.21 billion for the quarter, compared to analyst estimates of $43.06 billion. During the same quarter last year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts forecast that Ford Motor will post 1.86 earnings per share for the current fiscal year.
Insider Activity
In related news, insider John Douglas Field acquired 182,000 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was bought at an average price of $11.05 per share, with a total value of $2,011,100.00. Following the acquisition, the insider now owns 720,176 shares in the company, valued at approximately $7,957,944.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Ford Motor
A number of large investors have recently added to or reduced their stakes in the business. RB Capital Management LLC increased its position in Ford Motor by 14.6% during the 1st quarter. RB Capital Management LLC now owns 27,339 shares of the auto manufacturer’s stock worth $462,000 after buying an additional 3,477 shares during the period. Fairfield Bush & CO. bought a new position in Ford Motor during the 1st quarter worth $37,000. Synovus Financial Corp increased its position in Ford Motor by 275.4% during the 1st quarter. Synovus Financial Corp now owns 111,481 shares of the auto manufacturer’s stock worth $1,886,000 after buying an additional 81,783 shares during the period. Blair William & Co. IL increased its position in Ford Motor by 17.3% during the 1st quarter. Blair William & Co. IL now owns 325,778 shares of the auto manufacturer’s stock worth $5,509,000 after buying an additional 47,959 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in Ford Motor by 3.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 564,002 shares of the auto manufacturer’s stock worth $9,537,000 after buying an additional 16,498 shares during the period. Institutional investors own 52.73% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.