Ford Motor (NYSE:F) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
According to Zacks, “Ford’s recent plans to rev up production of new Lincoln Navigator & Ford Expedition at its Kentucky factory, is expected to drive its profit margins and throw challenges to its rivals. In fourth-quarter 2017, the company reported adjusted earnings per share of 39 cents, missing the Zacks Consensus Estimate of 42 cents per share. During the quarter, the company logged automotive revenues of $41.3 billion, beating the Zacks Consensuses Estimate of $37.2 billion. Ford is expanding its production capacity in many emerging markets to facilitate supply, cost reduction and manage transportation challenges. It has been making quite a large amount of investment for the development of next generation cars, which can be beneficial in the long-run but, are likely to create short-term strains on the financials of the company.”
A number of other equities analysts have also weighed in on F. Jefferies Group upped their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Citigroup upped their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Goldman Sachs Group restated a “hold” rating on shares of Ford Motor in a research note on Monday, October 30th. Morgan Stanley restated a “sell” rating and set a $10.00 price objective (up from $9.00) on shares of Ford Motor in a research note on Tuesday, October 31st. Finally, ValuEngine upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.54.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). The company had revenue of $38.50 billion during the quarter, compared to analyst estimates of $36.96 billion. Ford Motor had a return on equity of 21.71% and a net margin of 4.85%. Ford Motor’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. analysts predict that Ford Motor will post 1.56 earnings per share for the current year.
In other news, insider Steven R. Armstrong sold 10,752 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total value of $132,464.64. Following the sale, the insider now directly owns 101,159 shares of the company’s stock, valued at approximately $1,246,278.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Hau N. Thai-Tang sold 19,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $12.50, for a total transaction of $237,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,752 shares of company stock worth $603,965. 1.08% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of F. Vident Investment Advisory LLC raised its holdings in Ford Motor by 71.3% in the 4th quarter. Vident Investment Advisory LLC now owns 21,339 shares of the auto manufacturer’s stock valued at $267,000 after acquiring an additional 8,883 shares during the period. Financial Advocates Investment Management bought a new position in Ford Motor in the 4th quarter valued at about $829,000. Hoylecohen LLC bought a new position in Ford Motor in the 4th quarter valued at about $824,000. Zeke Capital Advisors LLC raised its holdings in Ford Motor by 39.9% in the 4th quarter. Zeke Capital Advisors LLC now owns 129,077 shares of the auto manufacturer’s stock valued at $1,612,000 after acquiring an additional 36,801 shares during the period. Finally, LPL Financial LLC raised its holdings in Ford Motor by 8.7% in the 4th quarter. LPL Financial LLC now owns 1,583,549 shares of the auto manufacturer’s stock valued at $19,779,000 after acquiring an additional 126,662 shares during the period. 54.06% of the stock is currently owned by institutional investors.
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Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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