Ford Motor (NYSE:F) Price Target Raised to $9.00 at Jefferies Financial Group

Key Points

• Jefferies Financial Group has raised its price target for Ford Motor from $8.00 to $9.00, maintaining an "underperform" rating, which suggests a potential downside from the stock's previous close.
• Other analysts have varying opinions, with Royal Bank of Canada and UBS Group raising their targets to $11.00 and maintaining a "sector perform" and "neutral" rating, respectively.
• In its last earnings report, Ford Motor beat analysts' expectations by reporting $0.37 EPS on revenue of $50.18 billion, reflecting a 5.0% increase from the same quarter last year.

Ford Motor (NYSE:F - Get Free Report) had its price target lifted by equities researchers at Jefferies Financial Group from $8.00 to $9.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "underperform" rating on the auto manufacturer's stock. Jefferies Financial Group's price target indicates a potential downside of 20.63% from the company's previous close.

Other research analysts have also issued research reports about the company. Royal Bank Of Canada boosted their price target on Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 5th. UBS Group lifted their target price on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Piper Sandler lifted their target price on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Dbs Bank downgraded Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. Finally, Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ford Motor has an average rating of "Hold" and a consensus target price of $10.53.

Ford Motor Stock Performance

Shares of F stock opened at $11.34 on Monday. 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 52 week low of $8.44 and a 52 week high of $11.97. The company's 50 day moving average price is $11.00 and its two-hundred day moving average price is $10.26. The company has a market capitalization of $45.13 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 3.27 and a beta of 1.48.

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

Insider Buying and Selling

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the sale, the insider owned 113,939 shares of the company's stock, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently added to or reduced their stakes in F. Vanguard Group Inc. lifted its holdings in shares of Ford Motor by 13.8% in the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer's stock valued at $4,590,333,000 after purchasing an additional 55,576,478 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Ford Motor by 6,915.1% during the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock worth $492,253,000 after acquiring an additional 48,378,444 shares during the period. Geode Capital Management LLC lifted its holdings in Ford Motor by 17.9% during the second quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer's stock worth $1,122,434,000 after acquiring an additional 15,748,694 shares during the period. Nuveen LLC bought a new stake in Ford Motor during the first quarter worth $123,147,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Ford Motor by 8.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer's stock worth $1,404,741,000 after acquiring an additional 10,947,527 shares during the period. Institutional investors and hedge funds own 58.74% of the company's stock.

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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