Ford Motor (NYSE:F) Given New $12.00 Price Target at JPMorgan Chase & Co.

Ford Motor (NYSE:F - Get Free Report) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $11.00 to $12.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the auto manufacturer's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 16.73% from the stock's previous close.

A number of other research firms also recently weighed in on F. UBS Group dropped their price target on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Sanford C. Bernstein downgraded Ford Motor from a "market perform" rating to an "underperform" rating and cut their price target for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. TD Cowen initiated coverage on Ford Motor in a research note on Friday, March 7th. They set a "hold" rating and a $10.00 price objective for the company. Royal Bank of Canada cut their target price on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 6th. Finally, BNP Paribas upgraded Ford Motor to a "hold" rating in a research report on Monday, February 10th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $9.83.

Ford Motor Price Performance

Shares of NYSE:F traded up $0.10 during midday trading on Thursday, reaching $10.28. The company's stock had a trading volume of 82,189,367 shares, compared to its average volume of 73,590,649. The business's fifty day simple moving average is $9.72 and its 200-day simple moving average is $10.09. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a fifty-two week low of $8.44 and a fifty-two week high of $14.85. The company has a market capitalization of $40.74 billion, a P/E ratio of 7.04, a P/E/G ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, equities research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Institutional Trading of Ford Motor

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Ford Motor by 16.6% in the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock worth $3,980,630,000 after acquiring an additional 57,182,803 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ford Motor by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock worth $1,278,153,000 after purchasing an additional 6,497,321 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Ford Motor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock valued at $830,662,000 after purchasing an additional 2,089,127 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Ford Motor by 11.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock valued at $460,444,000 after buying an additional 4,925,993 shares in the last quarter. Finally, Norges Bank purchased a new position in Ford Motor in the 4th quarter valued at approximately $387,282,000. Institutional investors own 58.74% of the company's stock.

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.