Ford Motor (NYSE:F) Rating Lowered to Hold at Zacks Research

Key Points

• Zacks Research downgraded Ford Motor from “strong buy” to “hold,” while the broader analyst consensus remains “hold” with an average price target of $15.68.
• Ford shares opened at $14.13 and were down 0.8%; the stock has traded between $11.06 and $17.78 over the past 52 weeks.
• Ford exceeded quarterly expectations, reporting adjusted EPS of $0.42 versus the $0.33 estimate and revenue of $48.30 billion, though revenue declined 3.8% year over year.

Ford Motor (NYSE:F - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts have also recently weighed in on F. JPMorgan Chase & Co. upped their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Bank of America boosted their target price on Ford Motor from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Friday, May 29th. Morgan Stanley reaffirmed an "equal weight" rating and set a $14.00 price target on shares of Ford Motor in a report on Wednesday, May 13th. DZ Bank raised Ford Motor from a "sell" rating to a "hold" rating and set a $16.00 price objective on the stock in a research note on Friday, July 31st. Finally, Jefferies Financial Group upgraded Ford Motor from a "hold" rating to a "buy" rating and raised their target price for the company from $14.50 to $17.50 in a research note on Monday, July 27th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $15.68.

Ford Motor Stock Down 0.8%

Shares of NYSE F opened at $14.13 on Tuesday. The stock has a market cap of $56.30 billion, a PE ratio of -7.56, a PEG ratio of 0.29 and a beta of 1.82. The business has a fifty day moving average of $14.48 and a two-hundred day moving average of $13.48. Ford Motor has a 52-week low of $11.06 and a 52-week high of $17.78. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09.

Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the prior year, the firm earned $0.37 EPS. The firm's quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities research analysts expect that Ford Motor will post 1.86 earnings per share for the current fiscal year.

Institutional Trading of Ford Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in F. Caxton Associates LLP bought a new position in shares of Ford Motor in the first quarter valued at $304,000. Empowered Funds LLC raised its position in shares of Ford Motor by 41.6% in the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer's stock valued at $1,482,000 after purchasing an additional 43,385 shares during the period. Jump Financial LLC acquired a new stake in shares of Ford Motor during the 2nd quarter worth about $172,000. NewEdge Advisors LLC boosted its holdings in shares of Ford Motor by 26.3% during the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer's stock worth $2,907,000 after buying an additional 55,741 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in Ford Motor by 1.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer's stock valued at $19,786,000 after buying an additional 26,526 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Company Profile

Ford Motor Company NYSE: F is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford's business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

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