Ford Motor (F) Rating Lowered to Buy at Cascend Securities

Cascend Securities lowered shares of Ford Motor (NYSE:F) to a buy rating in a research report sent to investors on Tuesday morning.

F has been the subject of a number of other reports. Vetr cut shares of Ford Motor from a strong-buy rating to a buy rating and set a $12.54 price objective for the company. in a research report on Monday, September 4th. Citigroup upped their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock a neutral rating in a research report on Monday, October 30th. Berenberg Bank set a $10.00 price objective on shares of Ford Motor and gave the stock a sell rating in a research report on Monday, August 14th. Morgan Stanley reiterated a sell rating and set a $10.00 price objective (up from $9.00) on shares of Ford Motor in a research report on Tuesday, October 31st. Finally, Barclays cut shares of Ford Motor from an overweight rating to an equal weight rating and upped their price objective for the stock from $12.12 to $14.00 in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $12.61.

Shares of Ford Motor (F) traded up $0.08 during trading hours on Tuesday, hitting $12.61. 21,217,510 shares of the stock traded hands, compared to its average volume of 32,663,100. The firm has a market cap of $49,772.94, a PE ratio of 7.46, a PEG ratio of 0.65 and a beta of 1.24. The company has a quick ratio of 1.08, a current ratio of 1.19 and a debt-to-equity ratio of 2.94. Ford Motor has a one year low of $10.47 and a one year high of $13.27.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, beating the consensus estimate of $0.33 by $0.10. The company had revenue of $33.65 billion during the quarter, compared to analysts’ expectations of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 EPS. sell-side analysts forecast that Ford Motor will post 1.81 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 23rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Friday, October 20th. Ford Motor’s payout ratio is 54.55%.

In other Ford Motor news, insider Steven R. Armstrong sold 10,752 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 101,159 shares of the company’s stock, valued at approximately $1,246,278.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hau N. Thai-Tang sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $12.00, for a total transaction of $300,000.00. Following the sale, the insider now directly owns 51,358 shares in the company, valued at $616,296. The disclosure for this sale can be found here. Insiders have sold a total of 101,828 shares of company stock worth $1,228,045 over the last three months. Insiders own 1.08% of the company’s stock.

Several large investors have recently bought and sold shares of F. Captrust Financial Advisors bought a new stake in shares of Ford Motor in the 2nd quarter valued at $106,000. Balentine LLC boosted its stake in shares of Ford Motor by 4.0% in the 2nd quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock valued at $106,000 after purchasing an additional 365 shares during the last quarter. Archford Capital Strategies LLC boosted its stake in shares of Ford Motor by 7.8% in the 1st quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after purchasing an additional 676 shares during the last quarter. Kelman Lazarov Inc. bought a new stake in shares of Ford Motor in the 2nd quarter valued at $116,000. Finally, Godsey & Gibb Associates bought a new stake in shares of Ford Motor in the 2nd quarter valued at $117,000. 53.78% 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.

Analyst Recommendations for Ford Motor (NYSE:F)

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