According to a report by American Banking News, around 2.2 percent of the short interest shares from the stock of the car models company have been sold. The average volume of shares, on the other hand, has been recorded to be 28,665,668 while the days to cover ratio has been noted down by the stock index at 3 days.
On the other hand, it was recently seen that Ford Motors’ director, John C. Lichleiter has carried out a huge transaction inside the firm in which he was seen buying around 3,000 shares, increasing his stake in the company by a huge difference. This transaction was done on May, 14 2014 and each share was sold at a price of $15.22.
The whole transaction was recorded to have cost Lichleiter an amount of $45,660.00. This trade of shares between the company and the director of the auto making firm has been recorded in filing by the Securities Exchange Commission as all the trade information of shareholders and investors who have a stake in the company of more than 10% are to report to the SEC if they go through any kind of transaction or trade of their shares.
Quite a lot of analytical firms have covered the Fords stock and granted the firm different ratings in accordance with their analysis. Sterne Agee CRT has analysts that gave the auto company’s stock a ‘buy’ rating along with a target on the share price recorded at $20.00, mentioned in a research report presented on May 3 2015. As for the analysts at Stifel Nicolaus, a ‘hold’ rating has been suggested for the shares of the firm after close inspection. The same analysts have granted a $19.00 price target to the smart car company in the same research analysis. TheStreet analysts have given a ‘buy’ rating to the classic car producers. Moreover, Goldman Sachs has given a ‘hold’ to shares of Fords.
Fords Motors Company was recently seen to announce its quarter earnings on April 28 in which the firm reported EPS that was lower than expectations, coming around at $0.23.
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