Equities research analysts predict that Ford Motor Co. will post $1.80 earnings per share for the current year. Jefferies Group has a "Buy" rating and a $60.00 price objective on the stock. The auto manufacturer reported $0.43 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.33 by $0.10.
Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Thursday, October 26th.
Analysts believe that the company has the potential to earn average revenue of $36.92 Billion for the current quarter. Standard Motor Products had a return on equity of 13.68% and a net margin of 4.97%. That value represents a market adjusting for revenues that have been falling by -13.54 % on a quarterly year/year basis as of the company's last quarterly report. The analysts estimated EPS for the higher end at 0.39 and lower end at 0.18 while the year ago reported earnings per share was 0.27.
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Other hedge funds have also recently added to or reduced their stakes in the company.
General Motors Company (NYSE:GM) received a Buy rating from 3 analysts. Vetr raised Ford Motor from a "hold" rating to a "buy" rating and set a $13.50 target price for the company in a report on Tuesday, December 27th. Nomura downgraded Ford Motor to a "hold" rating in a research report on Saturday, August 5th. Citigroup Inc. reaffirmed an "overweight" rating on shares of Ford Motor in a research note on Friday, October 21st. Finally, B. Riley reiterated a "neutral" rating on shares of Standard Motor Products in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company's stock. Ford Motor Company (NYSE:F) hasconsensus analyst target price is $12.72.
Standard Motor Products (NYSE:SMP) traded up $0.03 during mid-day trading on Monday, reaching $41.27.
The company declined -0.08% and closed its last trading session at $12.62. The P/E ratio is now 10.90 and the market value is 47.73B.
Ford Motor Co. has a 12 month low of $11.02 and a 12 month high of $14.22. Municipal Employees Retirement System of MI now owns 6,350 shares of the auto parts company's stock worth $332,000 after purchasing an additional 60 shares during the last quarter.
Jacobs Levy Equity Management Inc. raised its stake in Ford Motor Co. Short shares increased 8,392,585 over that period. The Manufacturers Life Insurance Company raised its stake in shares of Standard Motor Products by 0.5% in the second quarter. Financial Architects Inc increased its stake in Ford Motor by 232.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer's stock valued at $110,000 after acquiring an additional 150 shares during the period. Among active positions in the latest quarter, 433 holders increased their positions by a total of 90.98 million shares, 464 holders decreased the positions by a total of 95.18 million shares, and 134 holders held their positions. Hedge funds and other institutional investors own 79.67% of the company's stock.
In other Ford Motor news, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $13.25, for a total transaction of $231,861.75. Following the completion of the sale, the insider now directly owns 76,358 shares of the company's stock, valued at approximately $878,117. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The stock was sold at an average price of $11.50, for a total value of $287,500.00.