Ford Motor (NYSE:F) Price Target Cut to $16.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut Ford’s price target from $17 to $16 while maintaining an “overweight” rating, implying roughly 33% upside from the stock’s $12.01 price.
• Analyst sentiment is mixed: Ford has a consensus “Hold” rating and an average price target of $15.36, based on seven Buy, eleven Hold, and one Sell rating.
• Ford exceeded quarterly expectations with $0.42 in earnings per share versus $0.33 expected and $48.30 billion in revenue, though revenue declined 3.8% year over year and the company posted a negative net margin.

Ford Motor (NYSE:F - Get Free Report) had its target price dropped by JPMorgan Chase & Co. from $17.00 to $16.00 in a report released on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the auto manufacturer's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 33.28% from the stock's current price.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Company boosted their price target on Ford Motor from $10.00 to $11.00 and gave the company an "underweight" rating in a research note on Thursday, June 25th. DZ Bank upgraded Ford Motor from a "sell" rating to a "hold" rating and set a $16.00 target price for the company in a research note on Friday, July 31st. The Goldman Sachs Group dropped their price objective on shares of Ford Motor from $16.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday, October 6th. TD Cowen lifted their price target on shares of Ford Motor from $13.00 to $15.00 and gave the stock a "hold" rating in a research note on Wednesday, July 29th. Finally, UBS Group cut their target price on Ford Motor from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $15.36.

Ford Motor Trading Down 1.4%

F stock traded down $0.17 during mid-day trading on Monday, reaching $12.01. 12,971,043 shares of the stock traded hands, compared to its average volume of 56,726,629. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The company has a market cap of $47.87 billion, a P/E ratio of -6.42, a P/E/G ratio of 0.25 and a beta of 1.93. Ford Motor has a 52-week low of $11.11 and a 52-week high of $17.78. The stock's fifty day moving average is $13.52 and its 200-day moving average is $13.55.

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

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently made changes to their positions in F. Wealthfront Advisers LLC bought a new position in shares of Ford Motor in the second quarter worth about $11,492,000. Public Employees Retirement System of Ohio raised its position in shares of Ford Motor by 22.4% during the first quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer's stock valued at $23,095,000 after buying an additional 366,218 shares during the last quarter. KBC Group NV grew its stake in Ford Motor by 223.5% during the first quarter. KBC Group NV now owns 2,229,629 shares of the auto manufacturer's stock valued at $25,729,000 after acquiring an additional 1,540,403 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new stake in Ford Motor in the 2nd quarter worth $1,730,000. Finally, Blue Capital Inc. purchased a new position in shares of Ford Motor during the second quarter valued at about $2,425,000. Institutional investors own 58.74% of the company's stock.

Ford Motor Company Profile

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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