Ford Motor (NYSE:F) Price Target Raised to $11.00

Key Points

• Piper Sandler raised Ford Motor's price target from $9.50 to $11.00, indicating a potential downside of 19.34% from its current price, while maintaining a "neutral" rating on the stock.
• Other research firms like Royal Bank of Canada and UBS Group also increased their price targets, with UBS raising it to $12.50, reflecting overall optimism among analysts.
• Ford Motor reported a 9.4% increase in quarterly revenue year-over-year, amounting to $50.53 billion, and exceeded analysts' earnings estimates with $0.45 EPS compared to expectations of $0.38.

Ford Motor (NYSE:F - Get Free Report) had its target price boosted by equities researchers at Piper Sandler from $9.50 to $11.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the auto manufacturer's stock. Piper Sandler's price target suggests a potential downside of 19.34% from the stock's current price.

Several other research firms have also commented on F. Royal Bank Of Canada lifted their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company a "sector perform" rating in a research report on Friday. Barclays lifted their target price on shares of Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. UBS Group lifted their target price 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Ford Motor in a report on Tuesday, October 14th. Finally, Jefferies Financial Group upgraded shares of Ford Motor from an "underperform" rating to a "hold" rating and lifted their target price for the company from $9.00 to $12.00 in a report on Monday, October 6th. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $11.36.

Ford Motor Stock Performance

Shares of NYSE F traded up $1.30 during mid-day trading on Friday, hitting $13.64. The stock had a trading volume of 104,664,357 shares, compared to its average volume of 97,135,609. The company has a 50 day moving average of $11.80 and a two-hundred day moving average of $11.01. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. Ford Motor has a twelve month low of $8.44 and a twelve month high of $13.60. The firm has a market cap of $54.27 billion, a PE ratio of 17.39, a PEG ratio of 3.65 and a beta of 1.53.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $43.08 billion. During the same period last year, the company posted $0.49 EPS. Ford Motor's quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Capital Management LLC lifted its position in Ford Motor by 9.6% in the first quarter. Advisors Capital Management LLC now owns 12,543 shares of the auto manufacturer's stock valued at $126,000 after acquiring an additional 1,100 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of Ford Motor in the first quarter valued at about $7,398,000. Generali Investments CEE investicni spolecnost a.s. raised its holdings in shares of Ford Motor by 25.0% in the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer's stock valued at $3,009,000 after buying an additional 60,000 shares during the last quarter. Teza Capital Management LLC purchased a new stake in shares of Ford Motor in the first quarter valued at about $465,000. Finally, Quantitative Investment Management LLC acquired a new position in Ford Motor during the first quarter worth about $2,373,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

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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