UBS Group Cuts Ford Motor (NYSE:F) Price Target to $15.00

Key Points

• UBS Group cut Ford’s price target from $17 to $15 while maintaining a “Buy” rating, implying 23.81% upside from the prior close.
• Analyst sentiment remains mixed: Ford has an average “Hold” rating and a consensus price target of $15.43, with seven Buy, eleven Hold, and one Sell rating.
• Ford reported quarterly adjusted EPS of $0.42, exceeding the $0.33 consensus, while revenue reached $48.30 billion but declined 3.8% year over year.

Ford Motor (NYSE:F - Get Free Report) had its target price dropped by equities researchers at UBS Group from $17.00 to $15.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the auto manufacturer's stock. UBS Group's price target would suggest a potential upside of 23.81% from the company's previous close.

Several other equities analysts have also recently commented on the stock. TD Cowen boosted their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the company a "hold" rating in a research note on Wednesday, July 29th. Wells Fargo & Company upped their target price on Ford Motor from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Thursday, June 25th. Wall Street Zen lowered Ford Motor from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Royal Bank Of Canada raised their target price on shares of Ford Motor from $13.00 to $15.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 29th. Finally, Citigroup upgraded shares of Ford Motor from a "neutral" rating to a "buy" rating and raised their price objective for the company from $19.00 to $20.00 in a research report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of "Hold" and a consensus price target of $15.43.

Ford Motor Stock Performance

Ford Motor stock traded down $0.17 during mid-day trading on Wednesday, reaching $12.12. The company's stock had a trading volume of 33,713,713 shares, compared to its average volume of 57,069,734. The firm's fifty day moving average price is $13.69 and its two-hundred day moving average price is $13.54. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. Ford Motor has a 12-month low of $11.11 and a 12-month high of $17.78. The company has a market capitalization of $48.31 billion, a P/E ratio of -6.48, a PEG ratio of 0.25 and a beta of 1.93.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Maripau Wealth Management LLC grew its holdings in shares of Ford Motor by 1.6% during the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer's stock valued at $538,000 after buying an additional 749 shares during the last quarter. Wayfinding Financial LLC increased its holdings in Ford Motor by 5.8% during the 2nd quarter. Wayfinding Financial LLC now owns 13,652 shares of the auto manufacturer's stock worth $189,000 after purchasing an additional 754 shares in the last quarter. Southern Financial Group LLC raised its stake in shares of Ford Motor by 2.3% in the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer's stock worth $401,000 after purchasing an additional 776 shares during the last quarter. Bernicke Wealth Management Ltd. raised its position in Ford Motor by 2.0% in the 2nd quarter. Bernicke Wealth Management Ltd. now owns 39,789 shares of the auto manufacturer's stock valued at $553,000 after buying an additional 792 shares during the last quarter. Finally, Bank & Trust Co lifted its position in shares of Ford Motor by 2.6% during the second quarter. Bank & Trust Co now owns 31,665 shares of the auto manufacturer's stock valued at $440,000 after purchasing an additional 794 shares in the last quarter. 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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