Jefferies Financial Group reiterated their buy rating on shares of Ford Motor (NYSE:F) in a research report released on Tuesday. Jefferies Financial Group currently has a $11.00 price target on the auto manufacturer’s stock. Jefferies Financial Group also issued estimates for Ford Motor’s FY2018 earnings at $1.46 EPS, FY2019 earnings at $1.36 EPS and FY2020 earnings at $1.46 EPS.
Several other brokerages have also issued reports on F. Zacks Investment Research upgraded shares of Ford Motor from a strong sell rating to a hold rating in a research report on Tuesday, October 30th. BMO Capital Markets reiterated a hold rating and set a $8.50 target price on shares of Ford Motor in a research report on Monday. Nomura dropped their target price on shares of Ford Motor from $9.00 to $8.10 and set a neutral rating for the company in a research report on Tuesday, October 30th. ValuEngine upgraded shares of Ford Motor from a strong sell rating to a sell rating in a research report on Wednesday, October 31st. Finally, Buckingham Research dropped their target price on shares of Ford Motor from $10.00 to $9.00 and set a neutral rating for the company in a research report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $10.59.
Shares of F stock traded up $0.15 during trading hours on Tuesday, reaching $8.83. The stock had a trading volume of 31,829,716 shares, compared to its average volume of 43,053,612. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 2.80. Ford Motor has a 12 month low of $7.41 and a 12 month high of $13.48. The firm has a market capitalization of $34.65 billion, a P/E ratio of 4.96, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, October 24th. The auto manufacturer reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. The company had revenue of $34.66 billion during the quarter, compared to analyst estimates of $32.05 billion. During the same period last year, the business earned $0.43 earnings per share. Sell-side analysts predict that Ford Motor will post 1.35 EPS for the current year.
In other Ford Motor news, Director Ray T. Charley bought 4,000 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were purchased at an average price of $12.90 per share, for a total transaction of $51,600.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.95% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in F. Janus Henderson Group PLC raised its position in Ford Motor by 3.9% in the 2nd quarter. Janus Henderson Group PLC now owns 966,171 shares of the auto manufacturer’s stock worth $10,700,000 after buying an additional 36,222 shares during the last quarter. FMR LLC raised its position in Ford Motor by 29.6% in the 2nd quarter. FMR LLC now owns 2,126,745 shares of the auto manufacturer’s stock worth $23,543,000 after buying an additional 485,857 shares during the last quarter. Van ECK Associates Corp purchased a new position in Ford Motor in the 2nd quarter worth about $678,000. OppenheimerFunds Inc. raised its position in Ford Motor by 4.7% in the 2nd quarter. OppenheimerFunds Inc. now owns 3,905,676 shares of the auto manufacturer’s stock worth $43,236,000 after buying an additional 175,616 shares during the last quarter. Finally, Morgan Stanley raised its position in Ford Motor by 35.0% in the 2nd 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 last quarter. Institutional investors own 54.05% of the company’s stock.
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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