Fintel data indicates that on May 23, 2024, Bernstein commenced coverage of Ford Motor (NYSE:F) with a compelling Outperform recommendation.
Analyst Price Targets Point to Optimism
On May 22, 2024, the average one-year price target for Ford Motor stands at 13.77, showing a potential 14.43% upside from the latest reported closing price of 12.03.
Projected Performance and Fund Sentiment
The projected annual revenue for Ford Motor is estimated at 160,134MM, indicating a 9.78% decrease. The non-GAAP EPS is forecasted at 1.82.
Ownership Insights and Investor Activity
There are currently 2,367 funds or institutions holding positions in Ford Motor, reflecting a 1.02% increase in the last quarter. The average portfolio weight of all funds dedicated to F has risen by 10.16%. Institutional ownership has seen a 0.85% increase in total shares owned, now at 2,300,057K shares. The put/call ratio of F is at 1.15, indicating a bearish sentiment.
Diverse Shareholder Moves
Newport Trust holds 154,227K shares (3.86% ownership), with a 0.62% decrease in ownership from the previous filing but a 10.34% increase in portfolio allocation in F. Other significant shareholders include VTSMX, Charles Schwab Investment Management, VFINX, and Geode Capital Management, each showing varied changes in ownership and portfolio allocation.
Insight into Ford Motor
Ford Motor Company, headquartered in Dearborn, Michigan, is a global player in the automotive industry. They offer a range of vehicles, financial services through Ford Motor Credit Company, and are actively involved in electrification, mobility solutions, and connected services. With approximately 187,000 employees worldwide, Ford is a prominent figure in the automotive sector.
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