Ford Motor (NYSE:F) Stock Rating Upgraded by Wall Street Zen

Ford Motor (NYSE:F) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

A number of other analysts also recently commented on F. Barclays raised their price objective on Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Wolfe Research upgraded shares of Ford Motor from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. Piper Sandler increased their price objective on shares of Ford Motor from $8.50 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. lifted their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group upped their target price on shares of Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.30.

Ford Motor Price Performance

Shares of NYSE:F opened at $11.17 on Friday. Ford Motor has a one year low of $8.44 and a one year high of $14.18. The stock has a fifty day moving average of $10.80 and a 200-day moving average of $10.12. The company has a market capitalization of $44.42 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.97 and a current ratio of 1.13.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The business had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. During the same period in the prior year, the business posted $0.49 earnings per share. Ford Motor’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the transaction, the insider directly owned 113,939 shares of the company’s stock, valued at $1,253,329. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is currently owned by company insiders.

Institutional Trading of Ford Motor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp bought a new position in Ford Motor in the 2nd quarter valued at approximately $10,332,000. First Pacific Financial increased its position in Ford Motor by 3,281.0% in the 2nd quarter. First Pacific Financial now owns 6,762 shares of the auto manufacturer’s stock valued at $73,000 after acquiring an additional 6,562 shares during the period. Childress Capital Advisors LLC raised its stake in shares of Ford Motor by 6.2% during the second quarter. Childress Capital Advisors LLC now owns 17,321 shares of the auto manufacturer’s stock valued at $188,000 after acquiring an additional 1,006 shares during the last quarter. Midwest Financial Group LLC lifted its holdings in shares of Ford Motor by 15.5% during the second quarter. Midwest Financial Group LLC now owns 13,443 shares of the auto manufacturer’s stock worth $146,000 after purchasing an additional 1,801 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. lifted its holdings in shares of Ford Motor by 40.0% during the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 420,000 shares of the auto manufacturer’s stock worth $4,557,000 after purchasing an additional 120,000 shares during the period. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.