Ford Motor (NYSE:F) Receives Equal Weight Rating from Morgan Stanley

Ford Motor (NYSE:F)‘s stock had its “equal weight” rating restated by stock analysts at Morgan Stanley in a report released on Wednesday,Benzinga reports. They presently have a $14.00 target price on the auto manufacturer’s stock. Morgan Stanley’s target price points to a potential upside of 4.36% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen raised Ford Motor from a “sell” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research report on Friday, March 27th. Citigroup decreased their target price on Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Bank of America initiated coverage on Ford Motor in a research report on Wednesday, March 4th. They issued a “buy” rating and a $17.00 target price for the company. Finally, Barclays boosted their target price on Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.56.

Ford Motor Stock Up 11.9%

Ford Motor stock traded up $1.43 during mid-day trading on Wednesday, reaching $13.42. The stock had a trading volume of 94,330,777 shares, compared to its average volume of 57,969,059. The company has a market capitalization of $53.45 billion, a price-to-earnings ratio of -8.66, a PEG ratio of 0.27 and a beta of 1.65. The company has a 50-day moving average price of $12.10 and a two-hundred day moving average price of $13.00. Ford Motor has a one year low of $9.88 and a one year high of $14.80. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The company had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. Ford Motor’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. On average, analysts expect that Ford Motor will post 1.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ford Motor news, insider William Clay Ford, Jr. purchased 140,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was acquired at an average cost of $13.82 per share, for a total transaction of $1,934,800.00. Following the purchase, the insider directly owned 3,912,600 shares of the company’s stock, valued at $54,072,132. This trade represents a 3.71% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oslo Pensjonsforsikring AS bought a new position in Ford Motor in the 1st quarter worth approximately $185,000. Baader Bank Aktiengesellschaft boosted its stake in Ford Motor by 138.5% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 93,938 shares of the auto manufacturer’s stock worth $1,079,000 after purchasing an additional 54,552 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in Ford Motor in the 1st quarter worth approximately $67,000. Convergence Investment Partners LLC boosted its stake in Ford Motor by 38.2% in the 1st quarter. Convergence Investment Partners LLC now owns 143,191 shares of the auto manufacturer’s stock worth $1,652,000 after purchasing an additional 39,579 shares during the period. Finally, Legacy Wealth Managment LLC ID boosted its stake in Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,230 shares during the period. 58.74% of the stock is currently owned by institutional investors.

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.