JohnCM Investment Corner

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Ford Motor (NYSE:F) Upgraded by Argus to “Buy”

American Banking News
Posted by ABMN Staff on Feb 9th, 2021

Ford Motor (NYSE:F) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating in a research note issued on Tuesday, The Fly reports.

A number of other research firms have also recently commented on F. JPMorgan Chase & Co. set a $14.00 target price on shares of Ford Motor and gave the stock an “overweight” rating in a research note on Friday, January 22nd. The Goldman Sachs Group restated a “neutral” rating and set a $9.00 price target on shares of Ford Motor in a research report on Thursday, December 3rd. Jefferies Financial Group boosted their price target on shares of Ford Motor from $8.50 to $9.50 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd.

TheStreet upgraded shares of Ford Motor from a “d+” rating to a “c-” rating in a research report on Thursday, November 5th. Finally, Smith Barney Citigroup boosted their target price on shares of Ford Motor from $7.50 to $9.00 in a report on Tuesday, October 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Ford Motor currently has an average rating of “Hold” and a consensus price target of $9.48.

F opened at $11.56 on Tuesday. Ford Motor has a fifty-two week low of $3.96 and a fifty-two week high of $12.15. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.09 and a current ratio of 1.20. The company has a fifty day moving average of $9.90 and a two-hundred day moving average of $8.21. The stock has a market capitalization of $45.99 billion, a price-to-earnings ratio of -289.00, a PEG ratio of 1.38 and a beta of 1.27.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 3rd. The auto manufacturer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.41. Ford Motor had a negative net margin of 0.12% and a positive return on equity of 2.48%. On average, equities research analysts forecast that Ford Motor will post -0.03 earnings per share for the current year.

Several institutional investors have recently modified their holdings of F. Hexagon Capital Partners LLC acquired a new stake in Ford Motor during the 3rd quarter worth $25,000. Pacifica Partners Inc. lifted its stake in shares of Ford Motor by 250.0% in the 4th quarter. Pacifica Partners Inc. now owns 2,800 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 2,000 shares during the period. Costello Asset Management INC lifted its stake in shares of Ford Motor by 50.0% in the 4th quarter.

Costello Asset Management INC now owns 3,000 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 1,000 shares during the period. Graves Light Private Wealth Management Inc. acquired a new stake in shares of Ford Motor in the 4th quarter worth $26,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Ford Motor in the 3rd quarter worth $29,000. Institutional investors and hedge funds own 48.81% of the company’s stock.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.