Ford Motor Company also updated its guidance for the full year of 2017 in its most recent earnings report.
Analysts on average have given a price target of $11.91 to Ford Motor Co. Advisors Capital Management LLC now owns 483,120 shares of the auto manufacturer's stock worth $5,783,000 after acquiring an additional 84,375 shares during the last quarter. Alpha Cubed Investments LLC raised its position in shares of Ford Motor by 70.5% during the third quarter. The Bell State Bank & Trust holds 298,056 shares with $3.34 million value, up from 265,651 last quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company.
Sales of Ford's passenger cars have fallen 17 percent this year, dropping the company's total US market share to 14.9 percent, from 15.1 percent last year. Vetr lowered Ford Motor from a "strong-buy" rating to a "buy" rating and set a $12.54 price target for the company.in a research note on Monday, September 4th.
Price targets show what analysts believes a stock will be worth at the end of a certain time period. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Armstrong Steven R. on 2017-10-04 Sell 22076 shares of the company at a price of $12.37. The shares were sold at an average price of $12.37, for a total transaction of $273,080.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 217,700 shares of company stock valued at $2,486,044. The stock of Ford Motor Company (NYSE:F) has "Equal-Weight" rating given on Friday, October 13 by Barclays Capital. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The company's 50-day moving average is $11.95 and its 200-day moving average is $11.35. The market capitalization of the company is at $48.33 Billion.
19 analysts on average are expecting Ford Motor Co.to report earnings of $0.48 per share for the current quarter. The company's quarterly EPS surprised Wall Street by as much as -1% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. The firm had revenue of $33.65 billion for the quarter, compared to the consensus estimate of $32.80 billion.
Ford shares rose as much as 2.5 percent and were up 0.8 percent to $12.14 as of 11:41 a.m.in NY. It last reported revenues of $37.11 billion and EPS of $0.56 for the June 2017, representing 0% top-line growth and 0.52 EPS growth. GMED's profit will be $28.91M for 26.03 P/E if the $0.30 EPS becomes a reality. The business had revenue of $39.50 million for the quarter, compared to the consensus estimate of $36.29 billion.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Hennessy Advisors Inc invested in 0.14% or 418,045 shares. The ex-dividend date is Friday, October 20th. The stock of Ford Motor Company (NYSE:F) earned "Buy" rating by Piper Jaffray on Monday, October 16. Ford Europe was hit by costs associated with the Brexit process, the company reported. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and worldwide copyright & trademark legislation.
Ford Motor Company reported net income of $1.57 billion in the third quarter of the year. Joe Hinrichs, Ford's president of global operations, said the company is confident in its technology and strategy relative to competitors.
Ford will bring autonomous vehicles to a test market in 2018, said Ford CEO Jim Hackett on Thursday.