Ford Motor (NYSE:F) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada has raised its price target for Ford Motor from $11.00 to $12.00, indicating a potential downside of 11.67% from the current stock price.
• Ford Motor's current stock consensus rating is "Hold" with an average price target of $11.25, supported by varying ratings from multiple analysts.
• The company's stock price recently rose to $13.59, with a trading volume of over 90 million shares on the last trading day.

Ford Motor (NYSE:F - Get Free Report) had its price objective hoisted by stock analysts at Royal Bank Of Canada from $11.00 to $12.00 in a report released on Friday,Benzinga reports. The firm currently has a "sector perform" rating on the auto manufacturer's stock. Royal Bank Of Canada's price target suggests a potential downside of 11.67% from the stock's current price.

F has been the topic of several other reports. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. JPMorgan Chase & Co. upped their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock an "overweight" rating in a research report on Monday. Wells Fargo & Company increased their price objective on shares of Ford Motor from $8.00 to $10.00 and gave the company an "underweight" rating in a report on Friday, October 3rd. The Goldman Sachs Group lifted their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, September 29th. Finally, Piper Sandler lifted their price objective 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. Two equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Ford Motor currently has a consensus rating of "Hold" and an average price target of $11.25.

Ford Motor Price Performance

F stock traded up $1.25 during trading on Friday, reaching $13.59. The company's stock had a trading volume of 90,365,312 shares, compared to its average volume of 97,052,234. Ford Motor has a 1 year low of $8.44 and a 1 year high of $13.60. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $54.07 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 3.65 and a beta of 1.53. The company's fifty day moving average is $11.80 and its 200-day moving average is $11.01.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. On average, research analysts expect that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in F. Vanguard Group Inc. raised its position in shares of Ford Motor by 1.0% in the second quarter. Vanguard Group Inc. now owns 462,245,997 shares of the auto manufacturer's stock valued at $5,015,369,000 after purchasing an additional 4,585,636 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Ford Motor by 3.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer's stock worth $1,575,118,000 after purchasing an additional 5,118,228 shares in the last quarter. Geode Capital Management LLC raised its holdings in Ford Motor by 17.9% in 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 purchasing an additional 15,748,694 shares during the period. Pacer Advisors Inc. raised its holdings in Ford Motor by 6,915.1% in the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock worth $492,253,000 after purchasing an additional 48,378,444 shares during the period. Finally, Norges Bank acquired a new stake in shares of Ford Motor during the second quarter worth $405,328,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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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