Price Target Update on Ford Motor Company (NYSE:F)

Ford Motor Company (NYSE:F) : 11 investment research analysts covering Ford Motor Company (NYSE:F) have an average price target of $16 for the near short term. The highest target price given by the Brokerage Firm to the stock is $20 and the lowest target is $12 for the short term. Analysts expect the variance to be within $2.53 of the average price.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Bank of America downgrades its outlook on Ford Motor Company (NYSE:F). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on April 29, 2016.

Ford Motor Company (NYSE:F): stock turned positive on Thursday. Though the stock opened at $13.29, the bulls momentum made the stock top out at $13.41 level for the day. The stock recorded a low of $13.28 and closed the trading day at $13.4, in the green by 1.67%. The total traded volume for the day was 24,579,723. The stock had closed at $13.18 in the previous days trading.

The company shares have dropped -14.64% from its 1 Year high price. On Oct 26, 2015, the shares registered one year high at $15.84 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $13.25 and the 200 Day Moving Average price is recorded at $13.05. On the companys insider trading activities, Farley Jr James D, officer (Executive Vice President) of Ford Motor Co, unloaded 78,042 shares at an average price of $13.31 on May 16, 2016. The total amount of the transaction was worth $1,038,739, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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