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Sunday, July 25, 2021

NYSE F Reaches New Annual High After Analyst Upgrade

The shares of Ford Motor (NYSE  F) reached a new yearly high on Thursday’s mid-day trading. This followed Deutsche Bank Aktiengesellschaft raising their target price to $16 from $14 while issuing has a rating of “hold”. The shares reached a high of $14.54. The trading value at the end of the day was $14.32.

Stock Commentary On NYSE F

Several research analyst firms have issued their reports on NYSE F recently. Jefferies Financial Group raised their price target to $16 from $14 while issuing a rating of “buy” on 29th March, Monday. Tudor Picketing issued a rating of “buy” and an objective price of $17 on Monday. Evercore ISI increased its objective price to $13 from $11 while issuing a rating of “in-line” on 14th April, Wednesday. Wolfe Research increased their rating to “outperform” from “peer perform” while increasing their target price to $15 from $13 on 28th April, Wednesday. TheStreet increased their rating to “b-” from “c” on 28th April, Wednesday.

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Hau N. Thai-Tang, an insider, sold off 9000 NYSE F shares on 10th March, Wednesday at a $12.87 average price per share. Bank of New York Mellon Corp, Norges Bank, Dimensional Fund Advisors LP, Geode Capital Management LLC, and BlackRock Inc all increased their stake of the shares.

The moving average over 50 days stands at $12.13 while for 200 days it stands at $10.90. The market capitalization value stands at $57.16B with a 1.18 beta.

The latest data on NYSE F’s quarterly earnings was published on 27th April, Tuesday. An EPS of $0.89 was reported overshooting the consensus $0.16 estimate. A $33.55B revenue was reported for the financial quarter, beating the consensus $32.72B estimates. The company also had a 3.07% net margin and a 19.04% equity return. The revenue for the quarter has seen a growth of 7.1% on an annual comparison. 

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