While much of the world has been focusing on Google (NASDAQ:GOOG) when it comes to autonomous vehicles, one company that appears to be breaking ground just as quickly, if not moreso, is Ford Motor Company (NYSE:F). Most of the photos and videos we have seen thus far, from the likes of Google and Tesla (NASDAQ:TSLA), have depicted cars driving on bright sunshiny roads, mostly in California. Ford, however, is taking it upon themselves to develop, test, and prototype their self-driving cars in the freezing wintry conditions in Michigan.
That’s right, Ford Motor Company (NYSE:F) has been prototyping their self-driving cars in the snow, ice, and sleet, and apparently they are doing quite well (as seen in the video below).
“We are here in Michigan,” said Greg Steven, Global Manager, Driver Assistance Research at Ford Motor Company (NYSE:F). “There is a lot of winter here. We are used to the conditions changing very rapidly. We need to make sure that our Autonomous vehicle can also deal with those situations.
Steven says that they are able to train their vehicles to do difficult maneuvers, maneuvers that only specially trained drivers could normally accomplish. This means that you should be much safer driving in a Ford Motor Company (NYSE:F) autonomous vehicle than driving yourself in these slippery conditions.
Ford has gradually been releasing more details of their Autonomous vehicle program, and each time they release more, we are a bit more surprised by their technology.The stock decreased 1.26% or $0.16 during the last trading session, hitting $12.54. Approximately 1,150 shares traded hands. F shares have declined 15.16% since June 5, 2015 and are currently downtrending. It has underperformed the S&P500 by 9.30%.
From a total of 5 analysts covering F&M Bank (NYSE:F) stock, 4 rate it a “Buy”, 0 a “Sell”, and 1 a “Hold”. This means that 80% of the ratings are positive. The highest target price is $119 while the lowest target price is $16.44. The mean of all analyst targets is $31.93 which is 154.63% above today’s ($12.54) stock price. F&M Bank was the topic of 8 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on October 28 with a “Buy” rating. S&P Research maintained F stock in a recent report from September 25 with a “Strong Buy” rating. Finally, Compass Point initiated the stock with a “Neutral” rating in a report they issued on an August 7.
The institutional sentiment decreased to 1.11 in Q2 2015. It’s down 0.03, from 1.14 in 2015Q2. The ratio dropped, as 67 funds sold all their Ford Motor Company shares they owned while 361 reduced their positions. 82 funds bought stakes while 391 increased their total positions. Institutions now own 2.26 billion shares which is 2.80% more than the previous share count of 2.20 billion in 2015Q2.
Vantage Investment Partners Llc holds 37.57% of its total portfolio in Ford Motor Company, equating to 9.12 million shares. Western Asset Management Co owns 1.13 million shares representing 13.41% of their total US portfolio. Moreover, Evercore Trust Company N.A. has 11.51% of their total portfolio invested in the company, equating to 219.80 million shares. The Missouri-based Terril Brothers Inc. has a total of 8.38% of their portfolio invested in the stock. Athena Global Investors Llc, a Virginia-based fund reported 516,520 shares owned.
Since March 23, 2015, the stock had 0 insider purchases, and 1 insider sale for a total of $1.26 million in net activity. Fleming John sold 91,576 shares worth $1.26 million. Schoch David L. sold 14,903 shares worth $221,783. Leitch David G sold 140,000 shares worth $2.10 million. Rowley Stuart J. sold 12,000 shares worth $197,688.
Ford Motor Company manufactures or distributes automobiles across six continents. The company has a market cap of $49.77 billion. The Firm operates in two sectors: Automotive and Financial Services. It has 10.51 P/E ratio. Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific divisions.