Ford Motor Company (F) was Downgraded by Buckingham Research to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Buckingham Research advised their investors in a research report released on Sep 20, 2016.
Many Wall Street Analysts have commented on Ford Motor Company. Nomura Initiated Ford Motor Company on Sep 20, 2016 to “Buy”, Price Target of the shares are set at $14.Ford Motor Company was Initiated by Seaport Global Securities to “Buy” on Aug 9, 2016. Jefferies Initiated Ford Motor Company on Aug 9, 2016 to “Underperform”, Price Target of the shares are set at $10.
On the company’s financial health, Ford Motor Company reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.60. The company had revenue of $37000.00 million for the quarter, compared to analysts expectations of $36279.44 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Ford Motor Company (F) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $12.05 and reached the intraday high at $12.13. The bulls started the profit booking and pushed the shares to intraday low of $12.01. The trading session was marked by a volume range of 26,271,568 shares exchanging hands. The 52-week high of the shares is $15.84 and the 52-week low is $11.02. The market cap of the company stands at $48,116 M and there are 3,973,240,900 shares in public circulation.
In a different news, on Aug 8, 2016, John C Lechleiter (director) purchased 5,000 shares at $12.26 per share price. According to the SEC, on May 17, 2016, Jr James D Farley (Executive Vice President) sold 78,042 shares at $13.31 per share price. On May 5, 2016, Stuart J. Rowley (Vice President and Controller) sold 13,000 shares at $13.34 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.