Trading Report: Today: Ford Motor’s (F) “Sell” Rating Reiterate at Berenberg Bank

Today: Ford Motor’s (F) “Sell” Rating Reiterate at Berenberg Bank

Ford Motor Co. (NYSE:F)‘s stock had its “sell” rating reaffirmed by equities research analysts at Berenberg Bank in a note issued to investors on Monday. They presently have a $10.00 price objective on the auto manufacturer’s stock. Berenberg Bank’s price target would indicate a potential downside of 16.94% from the company’s previous close.

Other research analysts have also issued research reports about the company. Vetr raised Ford Motor from a “hold” rating to a “buy” rating and set a $13.10 target price for the company in a report on Monday, September 5th. Seaport Global Securities started coverage on Ford Motor in a report on Tuesday, August 9th. They set a “buy” rating and a $20.00 price objective for the company. set a $13.00 price objective on Ford Motor and gave the stock a “buy” rating in a report on Tuesday, September 13th. Nomura started coverage on Ford Motor in a report on Tuesday, September 20th. They set a “buy” rating and a $14.00 price objective for the company. Finally, Barclays PLC reissued an “equal weight” rating and set a $12.00 price objective on shares of Ford Motor in a report on Monday, September 12th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.77.

Ford Motor (NYSE:F) opened at 12.00 on Monday. The company has a market cap of $47.68 billion, a price-to-earnings ratio of 6.63 and a beta of 1.12. Ford Motor has a one year low of $11.02 and a one year high of $14.62. The company has a 50-day moving average of $11.86 and a 200-day moving average of $12.56.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.06. The business earned $35.90 billion during the quarter, compared to analyst estimates of $32.70 billion. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. Equities research analysts expect that Ford Motor will post $1.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, October 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.98%. Ford Motor’s dividend payout ratio is currently 33.15%.

In related news, insider Ziad S. Ojakli sold 10,000 shares of the stock in a transaction on Friday, November 18th. The stock was sold at an average price of $11.86, for a total transaction of $118,600.00. Following the sale, the insider now directly owns 503,246 shares of the company’s stock, valued at $5,968,497.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sankar S. Nair sold 82,000 shares of the stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total value of $993,020.00. Following the sale, the insider now directly owns 32,969 shares in the company, valued at $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in F. 1832 Asset Management L.P. boosted its stake in Ford Motor by 21.5% in the second quarter. 1832 Asset Management L.P. now owns 7,900 shares of the auto manufacturer’s stock valued at $100,000 after buying an additional 1,400 shares during the period. Balentine LLC boosted its stake in Ford Motor by 1.8% in the third quarter. Balentine LLC now owns 8,815 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 160 shares during the period. Bellwether Investment Group LLC acquired a new stake in Ford Motor during the second quarter valued at approximately $109,000. Hudock Capital Group LLC boosted its stake in Ford Motor by 0.8% in the third quarter. Hudock Capital Group LLC now owns 9,324 shares of the auto manufacturer’s stock valued at $112,000 after buying an additional 74 shares during the period. Finally, Reilly Financial Advisors LLC boosted its stake in Ford Motor by 2.1% in the third quarter. Reilly Financial Advisors LLC now owns 9,684 shares of the auto manufacturer’s stock valued at $117,000 after buying an additional 200 shares during the period. 54.26% of the stock is currently owned by institutional investors.

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