Ford Motor (NYSE:F) Given New $13.00 Price Target at Citigroup

Key Points

• Citigroup cut its price target on Ford from $13.50 to $13.00 and kept a neutral rating, implying roughly a 13% upside from the prior close.
• Overall analyst coverage is a consensus Hold (5 Buy / 10 Hold / 1 Sell) with an average target of $13.56, while several firms (UBS, Goldman) trimmed targets and HSBC raised theirs.
• Ford reported quarterly EPS of $0.66 and revenue of $43.25B, both beating estimates, but had a negative net margin (-3.22%) and shares traded down to $11.49 (−3.3%) on the day.

Ford Motor (NYSE:F - Get Free Report) had its price objective decreased by stock analysts at Citigroup from $13.50 to $13.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the auto manufacturer's stock. Citigroup's target price suggests a potential upside of 13.19% from the stock's previous close.

Several other brokerages also recently commented on F. UBS Group dropped their target price on shares of Ford Motor from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday. Zacks Research downgraded shares of Ford Motor from a "strong-buy" rating to a "hold" rating in a report on Monday, March 16th. Weiss Ratings restated a "buy (b)" rating on shares of Ford Motor in a report on Friday, March 27th. The Goldman Sachs Group dropped their target price on shares of Ford Motor from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Tuesday, April 14th. Finally, HSBC raised their target price on shares of Ford Motor from $9.80 to $12.80 and gave the stock a "hold" rating in a report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $13.56.

Ford Motor Stock Down 3.3%

F stock traded down $0.40 during mid-day trading on Monday, hitting $11.49. 35,904,406 shares of the company were exchanged, compared to its average volume of 58,488,262. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The firm has a market cap of $45.82 billion, a P/E ratio of -7.41, a P/E/G ratio of 0.27 and a beta of 1.66. The firm's 50 day simple moving average is $12.35 and its 200 day simple moving average is $13.00. Ford Motor has a 1-year low of $9.88 and a 1-year high of $14.80.

Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. On average, sell-side analysts predict that Ford Motor will post 1.53 EPS for the current fiscal year.

Insider Buying and Selling at Ford Motor

In other Ford Motor news, insider William Clay Ford, Jr. purchased 140,000 shares of the firm's stock in a transaction dated Thursday, February 19th. The stock was bought at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the purchase, the insider directly owned 3,912,600 shares of the company's stock, valued at $54,072,132. The trade was a 3.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its stake in shares of Ford Motor by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer's stock valued at $144,000 after buying an additional 756 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its stake in shares of Ford Motor by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer's stock valued at $560,000 after buying an additional 761 shares in the last quarter. CRA Financial Services LLC grew its stake in shares of Ford Motor by 4.4% in the fourth quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer's stock valued at $240,000 after buying an additional 775 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of Ford Motor by 16.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer's stock valued at $65,000 after buying an additional 776 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC grew its stake in shares of Ford Motor by 7.2% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer's stock valued at $153,000 after buying an additional 784 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Company Profile

Ford Motor Company NYSE: F is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford's business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

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