Ford Motor (NYSE:F) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research 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.”
Several other brokerages also recently commented on F. Morgan Stanley reissued an “equal weight” rating on shares of Ford Motor in a report on Tuesday, November 28th. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.14 target price on the stock in a report on Friday, January 26th. Royal Bank of Canada reissued a “hold” rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, December 20th. ValuEngine raised Ford Motor from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Goldman Sachs Group reissued a “hold” rating on shares of Ford Motor in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $12.54.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business 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%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. equities research analysts predict that Ford Motor will post 1.56 EPS for the current fiscal year.
In other Ford Motor news, insider Steven R. Armstrong sold 10,752 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total transaction of $132,464.64. Following the completion of the sale, the insider now owns 101,159 shares in the company, valued at approximately $1,246,278.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Lechleiter bought 5,000 shares of the company’s stock in a transaction on Friday, February 9th. The shares were acquired at an average price of $10.28 per share, with a total value of $51,400.00. Following the transaction, the director now directly owns 30,000 shares in the company, valued at approximately $308,400. The disclosure for this purchase can be found here. Insiders sold a total of 47,752 shares of company stock valued at $603,965 in the last 90 days. 1.08% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the business. Vident Investment Advisory LLC increased its position in shares of 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 buying an additional 8,883 shares in the last quarter. Financial Advocates Investment Management bought a new stake in shares of Ford Motor in the 4th quarter valued at $829,000. Hoylecohen LLC bought a new stake in shares of Ford Motor in the 4th quarter valued at $824,000. Zeke Capital Advisors LLC increased its position in shares of 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 buying an additional 36,801 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of 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 buying an additional 126,662 shares in the last quarter. Institutional investors own 54.06% of the company’s stock.
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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