Ford Motor (F) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut 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.”

Several other research firms have also weighed in on F. BMO Capital Markets reissued a hold rating and issued a $8.50 target price on shares of Ford Motor in a research note on Monday. Goldman Sachs Group raised Ford Motor from a neutral rating to a buy rating and raised their price target for the stock from $9.00 to $12.00 in a research report on Monday, October 29th. Morgan Stanley lowered Ford Motor from an overweight rating to an equal weight rating and dropped their price target for the stock from $14.00 to $10.00 in a research report on Friday, October 19th. Barclays dropped their price target on Ford Motor from $12.00 to $11.00 and set an equal weight rating on the stock in a research report on Wednesday, September 26th. Finally, Berenberg Bank reaffirmed a sell rating and set a $6.00 price target on shares of Ford Motor in a research report on Friday, November 9th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $10.59.

NYSE:F traded up $0.15 during mid-day trading on Thursday, hitting $8.82. The company had a trading volume of 41,557,145 shares, compared to its average volume of 43,191,805. Ford Motor has a fifty-two week low of $7.41 and a fifty-two week high of $13.48. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 2.80. 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 for the quarter, beating the 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 firm had revenue of $34.66 billion for the quarter, compared to analyst estimates of $32.05 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Sell-side analysts predict that Ford Motor will post 1.35 earnings per share for the current year.

In other news, Director Ray T. Charley acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was acquired at an average cost of $12.90 per share, for a total transaction of $51,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.95% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of F. Carroll Financial Associates Inc. grew its stake in Ford Motor by 4.7% in the fourth quarter. Carroll Financial Associates Inc. now owns 51,649 shares of the auto manufacturer’s stock valued at $428,000 after purchasing an additional 2,326 shares in the last quarter. Belpointe Asset Management LLC grew its stake in Ford Motor by 8.6% in the third quarter. Belpointe Asset Management LLC now owns 34,045 shares of the auto manufacturer’s stock valued at $315,000 after purchasing an additional 2,696 shares in the last quarter. Moody National Bank Trust Division grew its stake in Ford Motor by 1.2% in the fourth quarter. Moody National Bank Trust Division now owns 267,911 shares of the auto manufacturer’s stock valued at $2,050,000 after purchasing an additional 3,266 shares in the last quarter. Fulton Bank N.A. grew its stake in Ford Motor by 19.2% in the fourth quarter. Fulton Bank N.A. now owns 21,757 shares of the auto manufacturer’s stock valued at $167,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Csenge Advisory Group bought a new position in Ford Motor in the third quarter valued at approximately $42,000. Institutional investors and hedge funds 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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