Royal Bank Of Canada Reaffirms Buy Rating for Ford Motor Company (F)

Royal Bank Of Canada reissued their buy rating on shares of Ford Motor Company (NYSE:F) in a report issued on Tuesday morning.

F has been the topic of several other reports. Vetr downgraded shares of Ford Motor from a strong-buy rating to a buy rating and set a $12.45 price objective on the stock. in a report on Wednesday, May 31st. Wolfe Research initiated coverage on shares of Ford Motor in a report on Tuesday, June 13th. They issued a market perform rating on the stock. Berenberg Bank set a $10.00 price objective on shares of Ford Motor and gave the company a sell rating in a report on Monday, August 14th. Zacks Investment Research upgraded shares of Ford Motor from a strong sell rating to a hold rating in a report on Monday, April 24th. Finally, Piper Jaffray Companies reiterated a buy rating and issued a $14.00 price objective on shares of Ford Motor in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Ford Motor presently has an average rating of Hold and a consensus target price of $12.60.

Shares of Ford Motor (NYSE:F) opened at 10.56 on Tuesday. The company has a market capitalization of $41.94 billion, a P/E ratio of 11.12 and a beta of 1.11. Ford Motor has a one year low of $10.47 and a one year high of $13.27. The firm has a 50-day moving average of $11.19 and a 200-day moving average of $11.53.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. During the same period in the previous year, the company earned $0.52 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts expect that Ford Motor will post $1.75 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 annualized dividend and a yield of 5.68%. Ford Motor’s dividend payout ratio is 63.16%.

In other news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the completion of the transaction, the insider now owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the transaction, the vice president now directly owns 10 shares of the company’s stock, valued at approximately $110. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of F. Balentine LLC boosted its position in Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after buying an additional 231 shares during the period. Captrust Financial Advisors bought a new position in Ford Motor during the second quarter worth approximately $106,000. Archford Capital Strategies LLC boosted its position in Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after buying an additional 676 shares during the period. Reilly Financial Advisors LLC boosted its position in Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after buying an additional 150 shares during the period. Finally, Kelman Lazarov Inc. bought a new position in Ford Motor during the second quarter worth approximately $116,000. 55.38% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Company Profile

Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.

Analyst Recommendations for Ford Motor (NYSE:F)

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