In a report released today, John Murphy from Bank of America Securities reiterated a Buy rating on Ford Motor (F – Research Report), with a price target of $21.00. The company’s shares closed yesterday at $14.32.
Murphy covers the Consumer Goods sector, focusing on stocks such as Tesla, General Motors, and CarMax. According to TipRanks, Murphy has an average return of 9.0% and a 55.56% success rate on recommended stocks.
In addition to Bank of America Securities, Ford Motor also received a Buy from J.P. Morgan’s Ryan Brinkman in a report issued on January 25. However, today, Deutsche Bank downgraded Ford Motor (NYSE: F) to a Sell.
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The company has a one-year high of $18.13 and a one-year low of $10.40. Currently, Ford Motor has an average volume of 53.26M.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of F in relation to earlier this year. Most recently, in November 2022, Stuart Rowley, the Chief Transform. & Quality Off of F sold 29,821.00 shares for a total of $416,599.37.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ford Motor Company is a global automobile company and is the third largest car manufacturer in the United States. The firm is engaged in designing, manufacturing, and selling cars, trucks, and automobile parts. The company makes vehicles under two brand names – Ford and Lincoln. Its Ford family includes Fusion, Ecosport, Bronco, Explorer,Mustang Mach-E, F-150, and Ranger. Under the Lincoln brand, the company has popular models including Navigator, Aviator, and Nautilus.
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