Ford Motor (NYSE:F) Given New $11.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo & Company has raised Ford Motor's price target from $10.00 to $11.00, indicating potential downside of 19.03% based on the stock's previous close, despite maintaining an "underweight" rating.
• Ford reported a quarterly EPS of $0.45, surpassing analysts' estimates and achieving a revenue of $50.53 billion, up 9.4% year over year.
• The current consensus target price for Ford Motor stock is $11.25, with a majority rating of "Hold" from analysts and only 2 rating it as Buy.

Ford Motor (NYSE:F - Get Free Report) had its price target boosted by research analysts at Wells Fargo & Company from $10.00 to $11.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "underweight" rating on the auto manufacturer's stock. Wells Fargo & Company's price target would indicate a potential downside of 19.03% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Dbs Bank lowered shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. UBS Group lifted their price objective on shares of Ford Motor from $11.00 to $12.50 and gave the company a "neutral" rating in a report on Monday, October 6th. Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Jefferies Financial Group upgraded shares of Ford Motor from an "underperform" rating to a "hold" rating and lifted their price objective for the company from $9.00 to $12.00 in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Ford Motor in a report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $11.25.

Ford Motor Trading Up 10.1%

Shares of F stock traded up $1.25 during trading hours on Friday, reaching $13.59. 90,365,312 shares of the stock were exchanged, compared to its average volume of 97,052,234. Ford Motor has a 12-month low of $8.44 and a 12-month high of $13.60. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The company's 50-day moving average price is $11.80 and its 200-day moving average price is $11.01. The firm has a market capitalization of $54.07 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 3.65 and a beta of 1.53.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.07. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm had revenue of $50.53 billion during the quarter, compared to analysts' expectations of $43.08 billion. During the same period in the previous year, the company earned $0.49 EPS. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Institutional Trading of Ford Motor

Large investors have recently bought and sold shares of the stock. Advisors Capital Management LLC grew its position in Ford Motor by 9.6% during the 1st quarter. Advisors Capital Management LLC now owns 12,543 shares of the auto manufacturer's stock worth $126,000 after purchasing an additional 1,100 shares during the last quarter. FORA Capital LLC purchased a new stake in Ford Motor during the 1st quarter worth approximately $7,398,000. Generali Investments CEE investicni spolecnost a.s. grew its position in Ford Motor by 25.0% during the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer's stock worth $3,009,000 after purchasing an additional 60,000 shares during the last quarter. Teza Capital Management LLC purchased a new stake in Ford Motor during the 1st quarter worth approximately $465,000. Finally, Quantitative Investment Management LLC purchased a new stake in Ford Motor during the 1st quarter worth approximately $2,373,000. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Company Profile

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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