Reassessing The Changing Outlook For Ford Motor Company (F)

UPWK stock
UPWK stock

BlackRock Fund Advisors recently announced the acquisition of new stake in Ford Motor Company (NYSE:F). The institutional investor has increased its shareholding in the Consumer Cyclical company by 13.66% to 193.73 million shares with purchase of 23.29 million shares. This fresh investment now brings its stake to 4.96% valued currently at $1.28 billion. In addition, Newport Trust Co. raised its holdings by 6.53 million to 189.9 million shares. And Geode Capital Management LLC has lifted its position by 12.72% or 7.23 million shares – to 64.09 million shares.

With over 49.97 million Ford Motor Company (F) shares trading Monday and a closing price of $6.82 on the day, the dollar volume was approximately $340.77 million. The shares have shown a negative weekly performance of -2.29% and its price on 08/31/20 lost nearly -1.73%. Currently, there are 3.98B common shares owned by the public and among those 3.83B shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for F have a consensus price objective of $7.21. The analysts have set the share’s price value over the next 12 months at a high of $9.00 and a low of $4.90 should the stock experience a downside. Incidentally, analysts’ outlook for the Ford Motor Company stock is 2.80 for the next 12 months. The average price target is 8.58% above its last price level and an upside to the estimated low will see the stock lose -39.18% over that period. But an upside of 24.22% will see the stock hit the forecast high price target while mean target price for the stock is $7.50.

Insiders at the company have transacted a total of 99 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 61 of these insider trades were purchases, accounting for 4,769,193 shares. Insider sales of the common stock occurred on 38 occasions, with total insider shares sold totaling 2,643,110 shares.

The top 3 mutual fund holders in Ford Motor Company are Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and SPDR S&P 500 ETF. Vanguard Total Stock Market Index owns 111.25 million shares of the company’s stock, all valued at over $735.33 million. The company sold -0.19 million shares recently to bring their total holdings to about 2.85% of the shares outstanding. Vanguard 500 Index Fund sold -0.51 million shares to see its total holdings shrink to 80.53 million shares valued at over $532.31 million and representing 2.06% of the shares outstanding. SPDR S&P 500 ETF bought 84708.0 shares to bring its total holdings to over 41.65 million shares at a value of $275.31 million. SPDR S&P 500 ETF now owns shares totaling to 1.07% of the shares outstanding.

Shares of Ford Motor Company (NYSE: F) opened at $6.90, down -$0.04 from a prior closing price of $6.94. However, the script later closed the day at $6.82, down -1.73%. The company’s stock has a 5-day price change of -2.29% and 15.59% over the past three months. F shares are trading -26.67% year to date (YTD), with the 12-month market performance down to -25.63% lower. It has a 12-month low price of $3.96 and touched a high of $9.65 over the same period. Currently, 49.97 million shares have been traded, compared to an average intraday trading volume of 76.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.61%, 3.11%, and -2.34% respectively.

Institutional ownership of Ford Motor Company (NYSE: F) shares accounts for 50.50% of the company’s 3.98B shares outstanding. Mutual fund holders own 23.46%, while other institutional holders and individual stakeholders account for 26.70% and 1.03% respectively.

It has a market capitalization of $26.53B and a beta (3y monthly) value of 1.34. The earnings-per-share (ttm) stands at -$0.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.40% over the week and 2.66% over the month.

Analysts forecast that Ford Motor Company (F) will achieve an EPS of $0.14 for the current quarter, -$0.19 for the next quarter and $0.7 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of $0.29. Comparatively, EPS for the current quarter was $0.34 a year ago. Earnings per share for the fiscal year are expected to decrease by -96.00%, and 202.90% over the next financial year. EPS should grow at an annualized rate of -8.20% over the next five years, compared to -35.20% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate Ford Motor Company (F) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 13 of the 18 advise that investors “hold,” and 2 rated it as a “Sell.”

Looking at the support for the F, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on April 15, 2020, with the firm’s price target at $5. Wolfe Research coverage for the Ford Motor Company (F) stock in a research note released on April 03, 2020 offered a Peer Perform rating with a price target of. UBS was of a view on March 24, 2020 that the stock is Neutral, while Credit Suisse gave the stock Neutral rating on February 07, 2020, issuing a price target of $11- $9. JP Morgan on their part issued Neutral rating on January 24, 2020.


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