Ford Motor (NYSE:F) Price Target Cut to $13.00 by Analysts at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group cut its price target on Ford to $13.00 from $15.00 and kept a "neutral" rating, implying only about a 2.9% upside from current levels.
• Analyst sentiment is mixed but leans to a consensus Hold, with five Buys, eleven Holds and one Sell and an average price target of $13.74.
• Insider William Clay Ford Jr. purchased 140,000 shares at about $13.82, while the stock traded up 3.9% to $12.64, after Ford reported an EPS beat of $0.13 versus $0.06 expected.

Ford Motor (NYSE:F - Get Free Report) had its price objective reduced by The Goldman Sachs Group from $15.00 to $13.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the auto manufacturer's stock. The Goldman Sachs Group's price target would suggest a potential upside of 2.89% from the company's current price.

A number of other analysts have also recently issued reports on F. Royal Bank Of Canada restated a "sector perform" rating and set a $12.00 target price on shares of Ford Motor in a research note on Wednesday, February 11th. Evercore raised their target price on shares of Ford Motor from $12.00 to $14.00 and gave the company an "in-line" rating in a report on Monday, December 22nd. Wells Fargo & Company decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Tuesday, March 31st. TD Cowen lifted their price target on shares of Ford Motor from $13.00 to $15.00 and gave the company a "hold" rating in a report on Tuesday, January 13th. Finally, Wall Street Zen downgraded shares of Ford Motor from a "hold" rating to a "sell" rating in a research report on Sunday, April 5th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.74.

Ford Motor Stock Up 3.9%

F traded up $0.48 during trading hours on Tuesday, hitting $12.64. 22,144,135 shares of the company's stock were exchanged, compared to its average volume of 61,658,016. Ford Motor has a 1-year low of $9.29 and a 1-year high of $14.80. The stock's 50-day moving average is $12.69 and its two-hundred day moving average is $12.95. The stock has a market cap of $50.41 billion, a price-to-earnings ratio of -6.13, a PEG ratio of 0.28 and a beta of 1.70. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 2.95.

Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 EPS for the quarter, topping the consensus estimate of $0.06 by $0.07. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The business had revenue of $45.89 billion during the quarter, compared to analysts' expectations of $41.78 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The firm's revenue was down 4.8% on a year-over-year basis. Sell-side analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ford Motor news, insider William Clay Ford, Jr. acquired 140,000 shares of the stock in a transaction on Thursday, February 19th. The shares were purchased at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the completion of the acquisition, the insider owned 3,912,600 shares in the company, valued at approximately $54,072,132. This represents a 3.71% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.63% of the company's stock.

Hedge Funds Weigh In On Ford Motor

Several institutional investors have recently added to or reduced their stakes in the stock. Old North State Trust LLC bought a new position in Ford Motor during the fourth quarter valued at about $154,000. Rockefeller Capital Management L.P. boosted its position in shares of Ford Motor by 20.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 257,465 shares of the auto manufacturer's stock valued at $3,378,000 after acquiring an additional 44,361 shares during the period. World Investment Advisors boosted its position in shares of Ford Motor by 222.5% in the fourth quarter. World Investment Advisors now owns 125,292 shares of the auto manufacturer's stock valued at $1,644,000 after acquiring an additional 86,445 shares during the period. Winthrop Partners WNY LLC bought a new position in shares of Ford Motor in the fourth quarter valued at approximately $141,000. Finally, Nalls Sherbakoff Group LLC purchased a new stake in Ford Motor in the fourth quarter valued at approximately $187,000. Institutional investors own 58.74% of the company's stock.

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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