Ford Motor (NYSE:F) Receives $7.09 Average PT from Brokerages

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Ford Motor (NYSE:F) has received an average recommendation of “Hold” from the nineteen research firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $7.26.

A number of equities analysts have commented on F shares. Zacks Investment Research downgraded shares of Ford Motor from a “hold” rating to a “sell” rating and set a $4.25 price objective for the company. in a research report on Tuesday, March 24th. JPMorgan Chase & Co. upped their price target on shares of Ford Motor from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, June 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $7.50 price target on shares of Ford Motor in a research note on Thursday, June 18th. Goldman Sachs Group began coverage on shares of Ford Motor in a research note on Tuesday, April 14th. They set a “neutral” rating and a $5.00 price target on the stock. Finally, ValuEngine raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Friday, May 1st.

In related news, COO James D. Farley, Jr. acquired 194,950 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $5.13 per share, for a total transaction of $1,000,093.50. Following the acquisition, the chief operating officer now directly owns 828,922 shares in the company, valued at approximately $4,252,369.86. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Engrave Wealth Partners LLC purchased a new position in Ford Motor in the fourth quarter valued at approximately $25,000. Red Door Wealth Management LLC purchased a new position in Ford Motor in the first quarter valued at approximately $32,000. Golden State Wealth Management LLC purchased a new position in Ford Motor in the first quarter valued at approximately $33,000. Woodley Farra Manion Portfolio Management Inc. raised its holdings in Ford Motor by 261.0% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 7,039 shares of the auto manufacturer’s stock valued at $34,000 after buying an additional 5,089 shares during the period. Finally, San Francisco Sentry Investment Group CA raised its holdings in Ford Motor by 2,960.9% in the first quarter. San Francisco Sentry Investment Group CA now owns 7,591 shares of the auto manufacturer’s stock valued at $36,000 after buying an additional 7,343 shares during the period. Institutional investors and hedge funds own 49.40% of the company’s stock.

F stock traded up $0.07 on Friday, hitting $6.05. The company’s stock had a trading volume of 4,306,019 shares, compared to its average volume of 100,981,968. The firm has a 50 day moving average of $6.01 and a two-hundred day moving average of $6.84. Ford Motor has a 1 year low of $3.96 and a 1 year high of $10.56. The stock has a market cap of $24.24 billion, a price-to-earnings ratio of -7.92 and a beta of 1.32. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 3.85.

Ford Motor (NYSE:F) last released its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.13). The business had revenue of $34.32 billion during the quarter, compared to analysts’ expectations of $31.73 billion. Ford Motor had a negative net margin of 2.06% and a positive return on equity of 6.54%. The firm’s revenue for the quarter was down 14.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) EPS. As a group, equities analysts forecast that Ford Motor will post -1.35 EPS for the current fiscal year.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified 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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Analyst Recommendations for Ford Motor (NYSE:F)

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