Ford Motor (NYSE:F) Upgraded at Daiwa Capital Markets

Ford Motor (NYSE:F – Get Rating) was upgraded by Daiwa Capital Markets from an “underperform” rating to a “neutral” rating in a note issued to investors on Thursday, The Fly reports. The brokerage presently has a $12.00 price objective on the auto manufacturer’s stock. Daiwa Capital Markets’ price target points to a potential downside of 0.74% from the company’s previous close.

Other research analysts also recently issued reports about the company. Benchmark increased their price objective on Ford Motor from $19.00 to $20.00 in a report on Wednesday, May 3rd. Deutsche Bank Aktiengesellschaft downgraded Ford Motor from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $13.00 to $11.00 in a report on Friday, February 3rd. Barclays started coverage on Ford Motor in a report on Tuesday, February 14th. They set an “equal weight” rating and a $13.00 price objective for the company. Citigroup increased their price objective on Ford Motor from $12.50 to $12.80 in a report on Monday, May 15th. Finally, StockNews.com began coverage on Ford Motor in a report on Thursday, May 18th. They set a “hold” rating for the company. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.35.

Ford Motor Stock Up 6.2 %

Shares of Ford Motor stock opened at $12.09 on Thursday. Ford Motor has a 1 year low of $10.61 and a 1 year high of $16.68. The business has a 50-day moving average of $11.95 and a two-hundred day moving average of $12.54. The company has a market capitalization of $48.37 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.20 and a quick ratio of 1.03.

Ford Motor (NYSE:F – Get Rating) last announced its quarterly earnings results on Tuesday, May 2nd. The auto manufacturer reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.27. Ford Motor had a return on equity of 19.99% and a net margin of 1.75%. The company had revenue of $39.09 billion during the quarter, compared to the consensus estimate of $37.42 billion. During the same period in the prior year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, equities analysts predict that Ford Motor will post 1.7 EPS for the current year.

Insider Activity

In other news, CEO James D. Farley, Jr. sold 79,921 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $12.86, for a total value of $1,027,784.06. Following the completion of the sale, the chief executive officer now directly owns 1,638,667 shares of the company’s stock, valued at $21,073,257.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO John T. Lawler sold 29,821 shares of the stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $13.07, for a total transaction of $389,760.47. Following the transaction, the chief financial officer now owns 443,683 shares in the company, valued at $5,798,936.81. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James D. Farley, Jr. sold 79,921 shares of the stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $12.86, for a total value of $1,027,784.06. Following the transaction, the chief executive officer now owns 1,638,667 shares in the company, valued at approximately $21,073,257.62. The disclosure for this sale can be found here. Insiders sold a total of 134,592 shares of company stock valued at $1,740,843 over the last three months. Insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Ford Motor

A number of large investors have recently made changes to their positions in the company. Semmax Financial Advisors Inc. increased its stake in Ford Motor by 78.2% during the 4th quarter. Semmax Financial Advisors Inc. now owns 1,998 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 877 shares during the period. Tanglewood Legacy Advisors LLC bought a new position in Ford Motor during the 1st quarter worth $25,000. Baldwin Brothers LLC MA bought a new position in shares of Ford Motor in the 4th quarter valued at $26,000. Boulder Wealth Advisors LLC bought a new position in shares of Ford Motor in the 4th quarter valued at $27,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Ford Motor in the 1st quarter valued at $27,000. Institutional investors own 49.68% of the company’s stock.

About Ford Motor

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Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Ford Blue, Ford Model E, and Ford Pro, Ford Next, and Ford Credit. The Ford Blue, Ford Model E, and Ford Pro segment includes the sale of Ford and Lincoln vehicles, service parts, and accessories, together with the associated costs to develop, manufacture, distribute, and service the vehicles, parts, and accessories.