In a report released yesterday, Philippe Houchois from Jefferies maintained a Hold rating on Ford Motor (F – Research Report), with a price target of $13.00. The company’s shares closed last Wednesday at $13.19.
According to TipRanks.com, Houchois is a 5-star analyst with an average return of 25.8% and a 58.1% success rate. Houchois covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Mercedes-Benz Group, and Stellantis.
Ford Motor has an analyst consensus of Moderate Buy, with a price target consensus of $16.52, a 29.6% upside from current levels. In a report issued on July 18, Deutsche Bank also maintained a Hold rating on the stock with a $12.00 price target.
Based on Ford Motor’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $34.48 billion and GAAP net loss of $3.11 billion. In comparison, last year the company earned revenue of $36.23 billion and had a net profit of $3.26 billion.
Based on the recent corporate insider activity of 52 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.
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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