Zacks Investment Research lowered shares of Ford Motor (NYSE:F) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.
According to Zacks, “Ford has plans to launch 50 new or redesigned vehicles by 2025 and eliminate the loss-making car models from the portfolio. Further, the company is launching products under the SUVs, trucks and crossover segments that are anticipated to tap the growing demand. It also working to develop autonomous vehicle technology and mobility solutions. However, frequent vehicles recall to fix safety issues, which is adding to its expenses and is also reducing consumers’ confidence in a brand. Also, softening market conditions in China and Europe are concerns. Over the past three months, shares of Ford have underperformed the industry it belongs to.”
A number of other equities analysts have also commented on F. Jefferies Financial Group reaffirmed a buy rating and issued a $11.00 price target on shares of Ford Motor in a report on Tuesday, January 8th. BMO Capital Markets reissued a hold rating and set a $8.50 price objective on shares of Ford Motor in a research note on Monday, January 7th. Nomura dropped their price objective on Ford Motor from $9.00 to $8.10 and set a neutral rating for the company in a research note on Tuesday, October 30th. ValuEngine raised Ford Motor from a strong sell rating to a sell rating in a research note on Wednesday, October 31st. Finally, Buckingham Research dropped their price objective on Ford Motor from $10.00 to $9.00 and set a neutral rating for the company in a research note on Thursday, October 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $10.59.
NYSE:F opened at $8.82 on Thursday. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.21 and a quick ratio of 1.08. Ford Motor has a 1 year low of $7.41 and a 1 year high of $13.48. The firm has a market capitalization of $34.65 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 1.27 and a beta of 0.90.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. Ford Motor had a return on equity of 15.48% and a net margin of 3.88%. The business had revenue of $34.66 billion during the quarter, compared to the consensus estimate of $32.05 billion. During the same period last year, the business posted $0.43 earnings per share. On average, equities research analysts predict that Ford Motor will post 1.35 EPS for the current fiscal year.
In other news, Director Ray T. Charley purchased 4,000 shares of the company’s stock in a transaction on Monday, October 29th. The stock was purchased at an average price of $12.90 per share, with a total value of $51,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.95% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Franklin Resources Inc. increased its holdings in shares of Ford Motor by 194.8% in the third quarter. Franklin Resources Inc. now owns 62,573,799 shares of the auto manufacturer’s stock worth $578,807,000 after buying an additional 41,346,111 shares during the period. Morgan Stanley increased its holdings in shares of Ford Motor by 35.0% in the second quarter. Morgan Stanley now owns 37,425,458 shares of the auto manufacturer’s stock worth $414,298,000 after buying an additional 9,710,528 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Ford Motor by 238.7% in the third quarter. Canada Pension Plan Investment Board now owns 4,997,027 shares of the auto manufacturer’s stock worth $46,222,000 after buying an additional 3,521,838 shares during the period. Putnam Investments LLC increased its holdings in shares of Ford Motor by 444.1% in the second quarter. Putnam Investments LLC now owns 3,473,537 shares of the auto manufacturer’s stock worth $38,452,000 after buying an additional 2,835,131 shares during the period. Finally, Federated Investors Inc. PA increased its holdings in shares of Ford Motor by 230.9% in the third quarter. Federated Investors Inc. PA now owns 3,712,168 shares of the auto manufacturer’s stock worth $34,337,000 after buying an additional 2,590,192 shares during the period. 54.05% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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