Ford Motor (NYSE:F) was upgraded by equities research analysts at Morgan Stanley from an “underweight” rating to an “overweight” rating in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has a $10.00 target price on the auto manufacturer’s stock, down from their previous target price of $10.78. Morgan Stanley’s price target points to a potential downside of 10.15% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other research analysts also recently commented on the company. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.14 target price on the stock in a report on Friday, January 26th. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, December 26th. ValuEngine raised Ford Motor from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Royal Bank of Canada reaffirmed a “hold” rating and set a $14.00 target price on shares of Ford Motor in a report on Wednesday, December 20th. Finally, Nomura cut their target price on Ford Motor to $11.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the stock. Ford Motor has an average rating of “Hold” and an average target price of $12.44.
Ford Motor (NYSE F) traded up $0.35 during midday trading on Wednesday, hitting $11.13. The company had a trading volume of 41,743,746 shares, compared to its average volume of 49,988,215. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.12 and a current ratio of 1.23. Ford Motor has a 12 month low of $10.14 and a 12 month high of $13.48. The firm has a market cap of $44,420.00, a P/E ratio of 6.18, a price-to-earnings-growth ratio of 0.66 and a beta of 1.12.
In other news, Director John C. Lechleiter bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $10.28 per share, with a total value of $51,400.00. Following the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $308,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman William Clay Ford, Jr. sold 454,260 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $10.32, for a total value of $4,687,963.20. The disclosure for this sale can be found here. Insiders sold a total of 503,675 shares of company stock worth $5,246,794 over the last three months. 1.08% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of F. Nationwide Fund Advisors increased its position in Ford Motor by 0.9% in the 3rd quarter. Nationwide Fund Advisors now owns 1,102,511 shares of the auto manufacturer’s stock valued at $13,197,000 after buying an additional 10,082 shares in the last quarter. Bessemer Group Inc. increased its holdings in Ford Motor by 22.5% during the 3rd quarter. Bessemer Group Inc. now owns 42,327 shares of the auto manufacturer’s stock worth $506,000 after purchasing an additional 7,782 shares in the last quarter. Sei Investments Co. increased its holdings in Ford Motor by 34.7% during the 3rd quarter. Sei Investments Co. now owns 243,443 shares of the auto manufacturer’s stock worth $2,914,000 after purchasing an additional 62,722 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Ford Motor by 2.4% during the 3rd quarter. CIBC Asset Management Inc now owns 374,052 shares of the auto manufacturer’s stock worth $4,477,000 after purchasing an additional 8,678 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Ford Motor by 4.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 2,177,631 shares of the auto manufacturer’s stock worth $26,066,000 after purchasing an additional 90,773 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.
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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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