Ford Motor (NYSE:F) Upgraded to Outperform by Wolfe Research

Ford Motor (NYSE:F) was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued on Tuesday, January 7th, MarketBeat.com reports. The brokerage currently has a $12.00 price objective on the auto manufacturer’s stock. Wolfe Research’s price objective points to a potential upside of 30.29% from the company’s previous close.

A number of other equities research analysts have also commented on the stock. Buckingham Research dropped their price objective on shares of Ford Motor from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Bank of America downgraded shares of Ford Motor to a “buy” rating and set a $13.00 target price for the company. in a research report on Tuesday, September 10th. ValuEngine downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, December 30th. TheStreet raised shares of Ford Motor from a “c” rating to a “b-” rating in a research report on Tuesday, December 17th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Ford Motor in a research report on Tuesday, November 19th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Ford Motor has a consensus rating of “Hold” and a consensus target price of $10.92.

F traded up $0.02 during mid-day trading on Tuesday, hitting $9.21. The stock had a trading volume of 402,747 shares, compared to its average volume of 36,856,188. The stock’s fifty day simple moving average is $9.23 and its 200-day simple moving average is $9.26. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.17 and a quick ratio of 1.04. The firm has a market capitalization of $36.44 billion, a price-to-earnings ratio of 7.10, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09. Ford Motor has a 1-year low of $8.16 and a 1-year high of $10.56.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, October 23rd. The auto manufacturer reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Ford Motor had a net margin of 1.01% and a return on equity of 15.53%. The business had revenue of $33.93 billion for the quarter, compared to analyst estimates of $33.88 billion. During the same period last year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, research analysts expect that Ford Motor will post 1.24 earnings per share for the current fiscal year.

In related news, Director John C. Lechleiter bought 25,000 shares of Ford Motor stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average price of $8.68 per share, with a total value of $217,000.00. Following the acquisition, the director now owns 89,700 shares of the company’s stock, valued at approximately $778,596. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James P. Hackett sold 20,000 shares of Ford Motor stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $8.95, for a total transaction of $179,000.00. Following the completion of the sale, the chief executive officer now owns 185,184 shares of the company’s stock, valued at approximately $1,657,396.80. The disclosure for this sale can be found here. Insiders have sold a total of 60,000 shares of company stock valued at $543,200 in the last ninety days. 0.83% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. increased its position in Ford Motor by 14.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,032,860 shares of the auto manufacturer’s stock worth $10,547,000 after purchasing an additional 133,135 shares in the last quarter. Voya Investment Management LLC increased its position in Ford Motor by 8.3% during the 3rd quarter. Voya Investment Management LLC now owns 2,459,509 shares of the auto manufacturer’s stock worth $22,529,000 after purchasing an additional 189,501 shares in the last quarter. Anchor Bolt Capital LP acquired a new position in Ford Motor during the 2nd quarter worth approximately $4,676,000. Kistler Tiffany Companies LLC increased its position in Ford Motor by 1,086.7% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 8,627 shares of the auto manufacturer’s stock worth $79,000 after purchasing an additional 7,900 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Ford Motor by 20.7% during the 3rd quarter. Parallel Advisors LLC now owns 43,174 shares of the auto manufacturer’s stock worth $395,000 after acquiring an additional 7,416 shares during the last quarter. Institutional investors and hedge funds own 53.50% of the company’s stock.

About Ford Motor

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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