Ford Motor Company (F) Earns BBB- Credit Rating from Morningstar
Ford Motor Company (NYSE:F) has received a “BBB-” credit rating from Morningstar. The investment research firm’s “BBB-” rating indicates that the company is a moderate default risk. They also gave their stock a four star rating.
Other equities research analysts also recently issued reports about the company. Buckingham Research restated a “buy” rating and set a $18.00 price objective on shares of Ford Motor Company in a research report on Thursday, October 29th. Zacks Investment Research upgraded Ford Motor Company from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Wednesday. Vetr upgraded Ford Motor Company from a “buy” rating to a “strong-buy” rating and set a $15.64 price objective on the stock in a research report on Monday, November 16th. S&P Equity Research restated a “buy” rating on shares of Ford Motor Company in a research report on Thursday. Finally, Susquehanna restated a “neutral” rating and set a $16.00 price objective (up from $15.00) on shares of Ford Motor Company in a research report on Thursday, December 3rd. One equities 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 issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $16.25.
Shares of Ford Motor Company (NYSE:F) opened at 11.94 on Friday. The company has a market cap of $47.39 billion and a PE ratio of 9.99. The firm’s 50-day moving average price is $13.10 and its 200 day moving average price is $14.10. Ford Motor Company has a 12 month low of $10.44 and a 12 month high of $16.74.
Ford Motor Company (NYSE:F) last issued its earnings results on Thursday, January 28th. The auto manufacturer reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.07. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The company had revenue of $37.90 billion for the quarter, compared to analyst estimates of $36.32 billion. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts anticipate that Ford Motor Company will post $1.96 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 1st. Stockholders of record on Friday, January 29th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Thursday, January 14th.
Several hedge funds and institutional investors recently modified their holdings of F. Baker Avenue Asset Management bought a new position in shares of Ford Motor Company during the third quarter valued at $326,000. EJF Capital boosted its position in shares of Ford Motor Company by 25.0% in the third quarter. EJF Capital now owns 75,000 shares of the auto manufacturer’s stock valued at $1,018,000 after buying an additional 15,000 shares in the last quarter. Crow Point Partners boosted its position in shares of Ford Motor Company by 15.1% in the third quarter. Crow Point Partners now owns 5,198 shares of the auto manufacturer’s stock valued at $71,000 after buying an additional 680 shares in the last quarter. Eagle Asset Management boosted its position in shares of Ford Motor Company by 359.7% in the third quarter. Eagle Asset Management now owns 730,002 shares of the auto manufacturer’s stock valued at $9,906,000 after buying an additional 571,208 shares in the last quarter. Finally, MUFG Americas boosted its position in shares of Ford Motor Company by 13.2% in the third quarter. MUFG Americas now owns 23,814 shares of the auto manufacturer’s stock valued at $323,000 after buying an additional 2,772 shares in the last quarter.
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.
To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.
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