Ford Motor (NYSE:F) Given New $10.00 Price Target at The Goldman Sachs Group

Ford Motor (NYSE:F - Get Free Report) had its target price boosted by equities research analysts at The Goldman Sachs Group from $9.00 to $10.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the auto manufacturer's stock. The Goldman Sachs Group's target price indicates a potential downside of 4.35% from the company's current price.

Other equities analysts have also issued research reports about the stock. Bank of America dropped their target price on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Citigroup started coverage on Ford Motor in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $10.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Wells Fargo & Company reduced their target price on Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a research report on Thursday, February 6th. Finally, UBS Group lowered their price target on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $9.87.

Ford Motor Stock Performance

F traded up $0.29 on Tuesday, hitting $10.46. The company had a trading volume of 90,774,611 shares, compared to its average volume of 73,903,886. The stock has a market cap of $41.44 billion, a price-to-earnings ratio of 7.17, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The company's fifty day moving average price is $9.73 and its 200 day moving average price is $10.07. Ford Motor has a 1-year low of $8.44 and a 1-year high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The business had revenue of $40.66 billion during the quarter, compared to analysts' expectations of $35.99 billion. During the same period in the previous year, the company earned $0.49 earnings per share. Ford Motor's revenue for the quarter was down 6.2% on a year-over-year basis. Equities analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of Ford Motor

A number of large investors have recently made changes to their positions in F. Vanguard Group Inc. raised its stake in shares of Ford Motor by 16.6% in the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock valued at $3,980,630,000 after purchasing an additional 57,182,803 shares during the period. Norges Bank acquired a new position in Ford Motor during the fourth quarter worth $387,282,000. Jacobs Levy Equity Management Inc. grew its position in Ford Motor by 88.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer's stock valued at $222,872,000 after purchasing an additional 10,535,335 shares in the last quarter. Voloridge Investment Management LLC lifted its position in Ford Motor by 2,905.1% during the 4th quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer's stock worth $79,096,000 after buying an additional 7,723,601 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock worth $1,278,153,000 after buying an additional 6,497,321 shares during the last quarter. Institutional investors own 58.74% of the company's stock.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

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