Ford Motor Company (F) Earns Hold Rating from Credit Suisse
Ford Motor Company (NYSE:F)‘s stock had its “hold” rating reissued by Credit Suisse in a report issued on Friday, Analyst Ratings Net reports. They presently have a $13.00 price target on the auto manufacturer’s stock, down from their prior price target of $15.00. Credit Suisse’s target price would indicate a potential upside of 8.88% from the stock’s previous close.
Ford Motor Company (NYSE:F) traded up 1.96% during mid-day trading on Friday, hitting $11.94. The stock had a trading volume of 52,124,325 shares. Ford Motor Company has a 12-month low of $10.44 and a 12-month high of $16.74. The company has a 50-day moving average of $13.16 and a 200-day moving average of $14.12. The stock has a market cap of $47.39 billion and a price-to-earnings ratio of 9.99.
Ford Motor Company (NYSE:F) last announced its quarterly earnings data on Thursday, January 28th. The auto manufacturer reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.07. The firm earned $37.90 billion during the quarter, compared to the consensus estimate of $36.32 billion. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. On average, analysts anticipate that Ford Motor Company will post $1.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 1st. Shareholders of record on Friday, January 29th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, January 14th. This represents a $0.60 dividend on an annualized basis and a yield of 5.03%.
Several other analysts have also weighed in on the company. Craig Hallum lowered their price objective on Ford Motor Company from $14.00 to $13.00 in a report on Friday. Zacks Investment Research lowered Ford Motor Company from a “buy” rating to a “hold” rating in a report on Friday. TheStreet lowered Ford Motor Company from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays lowered their price objective on Ford Motor Company from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Morgan Stanley reissued a “sell” rating on shares of Ford Motor Company in a report on Thursday, January 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Ford Motor Company has a consensus rating of “Buy” and a consensus target price of $16.25.
A number of large investors have recently added to or reduced their stakes in the company. Private Trust Company increased its stake in Ford Motor Company by 9.7% in the fourth quarter. Private Trust Company now owns 18,090 shares of the auto manufacturer’s stock worth $254,000 after buying an additional 1,604 shares during the period. Concannon Wealth Management LLC increased its stake in Ford Motor Company by 1,428.8% in the fourth quarter. Concannon Wealth Management LLC now owns 18,453 shares of the auto manufacturer’s stock worth $260,000 after buying an additional 17,246 shares during the period. Iowa State Bank increased its stake in Ford Motor Company by 17.9% in the fourth quarter. Iowa State Bank now owns 20,120 shares of the auto manufacturer’s stock worth $283,000 after buying an additional 3,061 shares during the period. Hollencrest Securities increased its stake in Ford Motor Company by 26.3% in the fourth quarter. Hollencrest Securities now owns 20,136 shares of the auto manufacturer’s stock worth $284,000 after buying an additional 4,189 shares during the period. Finally, Signature Financial Management Inc. increased its stake in Ford Motor Company by 26.6% in the fourth quarter. Signature Financial Management Inc. now owns 20,303 shares of the auto manufacturer’s stock worth $286,000 after buying an additional 4,272 shares during the period.
Ford Motor Company (NYSE:F) manufactures or distributes automobiles across six continents. The Company operates in two sectors: Automotive and Financial Services. Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific segments. Financial Services sector includes Ford Motor Credit Company and Other Financial Services segments. Its automotive brands include Ford and Lincoln. Other Financial Services includes a range of businesses, including holding companies and real estate-related activities. The Company has around 62 plants across the world. Through its wholly owned subsidiary, Ford Motor Credit Company LLC, it provides automotive financing products to and through automotive dealers throughout the world.
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