Ford Motor (NYSE:F) Price Target Raised to $10.00 at Wells Fargo & Company

Key Points

• Wells Fargo & Company has raised its price target for Ford Motor from $8.00 to $10.00, signaling potential downside from the stock's previous close despite maintaining an "underweight" rating.
• Multiple analysts have increased their price targets for Ford, with UBS setting it at $11.00 and JPMorgan Chase raising it to $13.00, while the consensus rating remains "Reduce" with a target of $10.71.
• Ford reported earnings per share of $0.37 for the last quarter, exceeding estimates, and experienced a 5% year-over-year revenue increase of $50.18 billion, compared to analyst expectations of $42.91 billion.

Ford Motor (NYSE:F - Get Free Report) had its price objective lifted by equities research analysts at Wells Fargo & Company from $8.00 to $10.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "underweight" rating on the auto manufacturer's stock. Wells Fargo & Company's target price would indicate a potential downside of 18.67% from the stock's previous close.

A number of other equities analysts have also commented on F. UBS Group raised their price target on shares of Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Piper Sandler raised their price target on shares of Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Barclays raised their price target on shares of Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, Ford Motor has a consensus rating of "Reduce" and a consensus price target of $10.71.

Ford Motor Stock Performance

Shares of F traded up $0.08 during trading hours on Friday, hitting $12.30. The company had a trading volume of 7,987,590 shares, compared to its average volume of 92,140,789. The firm has a market cap of $48.93 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 3.53 and a beta of 1.53. The business has a fifty day moving average of $11.56 and a 200-day moving average of $10.80. Ford Motor has a 12 month low of $8.44 and a 12 month high of $12.43. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. Equities analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently made changes to their positions in F. NBC Securities Inc. boosted its stake in shares of Ford Motor by 91,763.8% in the 1st quarter. NBC Securities Inc. now owns 53,281 shares of the auto manufacturer's stock valued at $534,000 after purchasing an additional 53,223 shares in the last quarter. Merit Financial Group LLC boosted its position in Ford Motor by 48.9% during the 1st quarter. Merit Financial Group LLC now owns 81,580 shares of the auto manufacturer's stock worth $818,000 after buying an additional 26,782 shares during the period. Apella Capital LLC boosted its position in Ford Motor by 45.3% during the 1st quarter. Apella Capital LLC now owns 35,934 shares of the auto manufacturer's stock worth $341,000 after buying an additional 11,203 shares during the period. HF Advisory Group LLC boosted its position in Ford Motor by 5.2% during the 1st quarter. HF Advisory Group LLC now owns 34,573 shares of the auto manufacturer's stock worth $347,000 after buying an additional 1,712 shares during the period. Finally, Signal Advisors Wealth LLC boosted its position in Ford Motor by 2.2% during the 1st quarter. Signal Advisors Wealth LLC now owns 99,906 shares of the auto manufacturer's stock worth $1,002,000 after buying an additional 2,195 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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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