Ford Motor (NYSE:F) Price Target Cut to $14.00 by Analysts at The Goldman Sachs Group

Key Points

• Goldman Sachs cut Ford’s price target from $16.00 to $14.00 while maintaining a “neutral” rating, implying roughly 15.2% upside from the prior close.
• Analyst sentiment remains cautious: Ford has a consensus “Hold” rating and an average price target of $15.55, based on eight Buy, ten Hold, and one Sell rating.
• Ford’s latest quarterly results exceeded expectations, with EPS of $0.42 versus $0.33 expected and revenue of $48.30 billion; however, revenue declined 3.8% year over year and the company reported a negative net margin.

Ford Motor (NYSE:F - Get Free Report) had its target price decreased by stock analysts at The Goldman Sachs Group from $16.00 to $14.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "neutral" rating on the auto manufacturer's stock. The Goldman Sachs Group's price objective points to a potential upside of 15.22% from the stock's previous close.

A number of other analysts have also recently weighed in on the company. Zacks Research cut Ford Motor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Barclays lifted their price objective on Ford Motor from $13.00 to $14.00 and gave the company an "equal weight" rating in a report on Thursday, July 9th. Wall Street Zen downgraded shares of Ford Motor from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. BNP Paribas Exane upped their target price on shares of Ford Motor from $14.00 to $14.50 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group upgraded shares of Ford Motor from a "hold" rating to a "buy" rating and increased their target price for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $15.55.

Ford Motor Stock Up 0.4%

F opened at $12.15 on Tuesday. The company has a market capitalization of $48.45 billion, a P/E ratio of -6.50, a P/E/G ratio of 0.25 and a beta of 1.93. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The firm's fifty day moving average price is $13.74 and its two-hundred day moving average price is $13.54. Ford Motor has a fifty-two week low of $11.11 and a fifty-two week high of $17.78.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period last year, the firm earned $0.37 EPS. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. On average, analysts anticipate that Ford Motor will post 1.86 EPS for the current year.

Hedge Funds Weigh In On Ford Motor

A number of large investors have recently modified their holdings of F. Central Pacific Bank Trust Division increased its holdings in shares of Ford Motor by 120.4% in the third quarter. Central Pacific Bank Trust Division now owns 18,033 shares of the auto manufacturer's stock valued at $217,000 after purchasing an additional 9,850 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in Ford Motor by 12.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 23,344 shares of the auto manufacturer's stock worth $282,000 after buying an additional 2,631 shares in the last quarter. Eastern Bank boosted its position in Ford Motor by 4.5% in the 3rd quarter. Eastern Bank now owns 48,998 shares of the auto manufacturer's stock valued at $591,000 after buying an additional 2,107 shares during the last quarter. CX Institutional boosted its position in Ford Motor by 679.2% in the 3rd quarter. CX Institutional now owns 716,656 shares of the auto manufacturer's stock valued at $8,643,000 after buying an additional 624,683 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Ford Motor by 14.5% in the 3rd quarter. Versant Capital Management Inc now owns 15,014 shares of the auto manufacturer's stock valued at $181,000 after buying an additional 1,906 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

About Ford Motor

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world's oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.

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