Ford Motor (F) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Ford Motor (NYSE:F) from a hold rating to a buy rating in a research note released on Tuesday morning. They currently have $15.00 price objective on the auto manufacturer’s stock.

According to Zacks, “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. Also, frequent product recalls and rising structural expenses are other issues faced by the company. In the past one year, Ford has underperformed the industry it belongs to.”

A number of other equities research analysts have also issued reports on the company. Vetr raised Ford Motor from a hold rating to a buy rating and set a $13.24 target price on the stock in a research note on Friday, October 13th. Standpoint Research raised Ford Motor from a hold rating to a buy rating in a research note on Wednesday, October 4th. ValuEngine raised Ford Motor from a hold rating to a buy rating in a research note on Monday, October 2nd. Barclays lowered Ford Motor from an overweight rating to an equal weight rating and increased their price target for the stock from $12.12 to $14.00 in a research note on Friday, October 13th. Finally, Citigroup increased their price target on Ford Motor from $12.00 to $13.00 and gave the stock a neutral rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Ford Motor currently has a consensus rating of Hold and a consensus price target of $12.66.

Shares of Ford Motor (NYSE F) traded up $0.06 during trading hours on Tuesday, hitting $13.23. The stock had a trading volume of 56,650,000 shares, compared to its average volume of 33,070,000. The stock has a market cap of $52,550.00, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08. Ford Motor has a fifty-two week low of $10.47 and a fifty-two week high of $13.29.

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

In other news, insider Hau N. Thai-Tang sold 19,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $12.50, for a total transaction of $237,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven R. Armstrong sold 10,752 shares of the firm’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 owns 101,159 shares of the company’s stock, valued at $1,246,278.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,752 shares of company stock valued at $603,965. 1.08% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in F. Greenhaven Associates Inc. bought a new position in shares of Ford Motor during the fourth quarter worth about $164,194,000. Pzena Investment Management LLC lifted its holdings in Ford Motor by 38.4% in the second quarter. Pzena Investment Management LLC now owns 23,812,718 shares of the auto manufacturer’s stock worth $266,464,000 after acquiring an additional 6,611,425 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Ford Motor in the third quarter worth about $76,726,000. BlackRock Inc. lifted its holdings in Ford Motor by 2.4% in the second quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock worth $2,624,814,000 after acquiring an additional 5,562,630 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Ford Motor by 5.7% in the second quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock worth $981,407,000 after acquiring an additional 4,706,379 shares during the last quarter. Institutional investors own 53.61% of the company’s stock.

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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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