Ford Motor Receives a Hold from Jefferies

By Carrie Williams

In a report released today, Philippe Houchois from Jefferies reiterated a Hold rating on Ford Motor (NYSE: F), with a price target of $12. The company’s shares opened today at $11.11, close to its 52-week low of $10.67.

According to TipRanks.com, Houchois is a 3-star analyst with an average return of 7.3% and a 60.0% success rate. Houchois covers the Consumer Goods sector, focusing on stocks such as Fiat Chrysler Automobiles, General Motors, and Paccar Inc.

Ford Motor has an analyst consensus of Moderate Buy, with a price target consensus of $12.95.

Based on Ford Motor’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $39.15 billion and quarterly net profit of $1.59 billion. In comparison, last year the company earned revenue of $37.72 billion and had a net profit of $2.45 billion.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Joseph Hinrichs, the EVP of F sold 50,000 shares for a total of $555,000.

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 Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive, Financial Services, Ford Smart Mobility, and Central Treasury Operations. The Automotive segment includes the sale of Ford and Lincoln brand vehicles, service parts, and accessories worldwide, together with the associated costs to develop, manufacture, distribute, and service the vehicles, parts, and accessories. The Financial Services segment includes its vehicle-related financing and leasing activities at Ford Motor Credit Company LLC . The Central Treasury Operations segment engages in decision making for investments, risk management activities, and providing financing for the Automotive segment. The Ford Smart Mobility segment designs, builds, grows, and invests in emerging mobility services. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.