Ford Motor Company (F) is Initiated by Piper Jaffray to Overweight, Price Target at $17

Ford Motor Company (F) was Initiated by Piper Jaffray to “Overweight” and the brokerage firm has set the Price Target at $17. Piper Jaffray advised their investors in a research report released on Jun 10, 2016.

Many Wall Street Analysts have commented on Ford Motor Company. Ford Motor Company was Downgraded by BofA/Merrill to ” Neutral” on Apr 29, 2016. Shares were Reiterated by UBS on Apr 29, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $22 .Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .

On the company’s financial health, Ford Motor Company reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.47. The company had revenue of $35257.00 million for the quarter, compared to analysts expectations of $35840.24 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Ford Motor Company closed down -0.1 points or -0.75% at $13.26 with 1,98,73,758 shares getting traded on Thursday. Post opening the session at $13.26, the shares hit an intraday low of $13.14 and an intraday high of $13.3 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 17, 2016, Jr James D Farley (Executive Vice President) sold 78,042 shares at $13.31 per share price. According to the SEC, on May 5, 2016, Stuart J. Rowley (Vice President and Controller) sold 13,000 shares at $13.34 per share price. On May 5, 2016, Joseph R Hinrichs (Executive Vice President) sold 60,000 shares at $13.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Ford Motor Company (Ford) manufactures or distributes automobiles across six continents. The Company operates in two sectors: Automotive and Financial Services. Automotive sector includes North America South America Europe Middle East & Africa and Asia Pacific segments. Financial Services sector includes Ford Motor Credit Company and Other Financial Services segments. Its automotive brands include Ford and Lincoln. Other Financial Services includes a range of businesses including holding companies and real estate-related activities. The Company has around 62 plants across the world. Through its wholly owned subsidiary Ford Motor Credit Company LLC it provides automotive financing products to and through automotive dealers throughout the world.

Ford Motor Company

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