Zacks Research Downgrades Ford Motor (NYSE:F) to Hold

Ford Motor (NYSE:F) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research firms have also recently issued reports on F. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Jefferies Financial Group raised Ford Motor from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.50 to $17.50 in a research note on Monday, July 27th. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Barclays lifted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Finally, The Goldman Sachs Group boosted their price target on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.68.

Ford Motor Stock Performance

Shares of F stock opened at $14.13 on Tuesday. The stock has a 50-day moving average of $14.48 and a 200-day moving average of $13.48. Ford Motor has a one year low of $11.06 and a one year high of $17.78. The stock has a market cap of $56.30 billion, a PE ratio of -7.56, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93.

Ford Motor (NYSE:F) last issued its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The firm had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, sell-side analysts expect that Ford Motor will post 1.86 earnings per share for the current year.

Institutional Trading of Ford Motor

A number of institutional investors have recently bought and sold shares of F. Caxton Associates LLP acquired a new stake in shares of Ford Motor during the 1st quarter worth $304,000. Empowered Funds LLC raised its position in Ford Motor by 41.6% during the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after purchasing an additional 43,385 shares in the last quarter. Jump Financial LLC bought a new stake in Ford Motor during the second quarter worth $172,000. NewEdge Advisors LLC increased its stake in shares of Ford Motor by 26.3% in the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after purchasing an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Ford Motor by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock worth $19,786,000 after buying an additional 26,526 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

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.