J.P. Morgan Reiterates a Buy Rating on Ford Motor

According to The Fly, in a report released yesterday, Ryan Brinkman from J.P. Morgan reiterated a Buy rating on Ford Motor (NYSE: F), with a price target of $16. The company’s shares closed yesterday at $12.66.

According to TipRanks.com, Brinkman is a 5-star analyst with an average return of 11.2% and a 60.9% success rate. Brinkman covers the Consumer Goods sector, focusing on stocks such as Tower International, Cooper Tire Rubber, and Tenneco Automotive.

Currently, the analyst consensus on Ford Motor is Moderate Buy and the average price target is $14.80, representing a 16.9% upside.

In a report issued on July 19, UBS also reiterated a Buy rating on the stock with a $18 price target.

The company has a one year high of $14.84 and a one year low of $9.78. Currently, Ford Motor has an average volume of 33.55M.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2016, Hau Thai-Tang, a the Group VP of F sold 19,799 shares for a total of $267,682.

Ford Motor Co. is engaged in the manufacturing and distribution of automobiles. It operates through two business sectors: Automotive and Financial Services. The Automotive sector operates through four business segments: North America, South America, Europe and Asia Pacific Africa. The North America segment is engaged in the sale of Ford and Lincoln brand vehicles, service parts and accessories in North America. The South America segment is engaged in the sale of Ford brand vehicles and related service parts and accessories in South America. The Europe segment is engaged in the sale of Ford brand vehicles and related service parts and accessories in Europe, Turkey and Russia. The Asia Pacific Africa segment includes primarily the sale of Ford brand vehicles and related service parts and accessories in the Asia Pacific region and South Africa. The Financial Services sector operates through two segments: Ford Credit and Other Financial Services. The Ford Credit segment provides vehicle related financing, leasing, and insurance through the company’s wholly owned subsidiary Ford Motor Credit Co. LLC. The Other Financial Services segment includes a variety of businesses, including holding companies and real estate. Ford Motor was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.