Ford Motor (NYSE:F - Get Free Report) had its target price hoisted by investment analysts at Citigroup from $10.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the auto manufacturer's stock. Citigroup's price objective points to a potential upside of 5.26% from the stock's current price.
Other equities research analysts have also recently issued reports about the company. The Goldman Sachs Group upped their target price on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Barclays lifted their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. BNP Paribas upgraded Ford Motor to a "hold" rating in a report on Monday, February 10th. Wells Fargo & Company reduced their price objective on Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Thursday, February 6th. Finally, Bank of America dropped their price objective on Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $10.00.
Read Our Latest Stock Analysis on F
Ford Motor Stock Up 1.7 %
Shares of F traded up $0.17 during midday trading on Wednesday, hitting $10.45. The stock had a trading volume of 76,201,623 shares, compared to its average volume of 75,066,779. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The firm has a market cap of $41.42 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. The company has a 50 day simple moving average of $9.81 and a two-hundred day simple moving average of $10.06. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.85.
Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The firm had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. During the same period in the previous year, the business earned $0.49 EPS. The company's revenue was down 6.2% compared to the same quarter last year. On average, analysts anticipate that Ford Motor will post 1.47 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. Grove Bank & Trust raised its position in shares of Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,882 shares during the period. Hager Investment Management Services LLC acquired a new position in shares of Ford Motor during the fourth quarter valued at $26,000. Elite Financial Inc. bought a new position in shares of Ford Motor during the first quarter worth about $27,000. Olde Wealth Management LLC acquired a new stake in shares of Ford Motor in the 1st quarter worth about $28,000. Finally, Bank of Jackson Hole Trust bought a new stake in Ford Motor in the 4th quarter valued at about $29,000. 58.74% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Ford Motor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ford Motor wasn't on the list.
While Ford Motor currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
