Ford Motor (NYSE:F) Upgraded at Jefferies Financial Group

Key Points

• Ford Motor was upgraded from "underperform" to "hold" by Jefferies Financial Group, with a new target price of $12.00, indicating a potential downside of 5.21% from the last close.
• Other analysts have also raised their price targets for Ford, with JPMorgan increasing it from $12.00 to $13.00, reflecting a generally positive outlook for the company.
• Ford's latest quarterly earnings report showed an EPS of $0.37, surpassing analyst estimates, and a year-over-year revenue increase of 5.0% to $50.18 billion.

Ford Motor (NYSE:F - Get Free Report) was upgraded by analysts at Jefferies Financial Group from an "underperform" rating to a "hold" rating in a research report issued on Monday,Benzinga reports. The firm presently has a $12.00 target price on the auto manufacturer's stock, up from their previous target price of $9.00. Jefferies Financial Group's price target indicates a potential downside of 5.21% from the company's previous close.

Other equities analysts have also issued reports about the company. Piper Sandler boosted their price target on Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their price objective on Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Wells Fargo & Company increased their price target on Ford Motor from $8.00 to $10.00 and gave the stock an "underweight" rating in a research note on Friday. Barclays increased their price objective on Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Ford Motor in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Ford Motor currently has a consensus rating of "Hold" and a consensus target price of $10.93.

Ford Motor Stock Performance

NYSE:F opened at $12.66 on Monday. The stock's 50-day moving average is $11.58 and its 200-day moving average is $10.83. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The stock has a market cap of $50.39 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 3.64 and a beta of 1.53. Ford Motor has a 1-year low of $8.44 and a 1-year high of $12.67.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. The company had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 earnings per share. Equities research analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Hedge Funds Weigh In On Ford Motor

Hedge funds have recently made changes to their positions in the business. Trust Co. of Toledo NA OH bought a new position in Ford Motor during the second quarter valued at approximately $25,000. Capital A Wealth Management LLC boosted its position in Ford Motor by 990.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 2,279 shares in the last quarter. Country Trust Bank bought a new stake in Ford Motor during the 2nd quarter valued at $27,000. Grove Bank & Trust boosted its position in shares of Ford Motor by 289.1% in 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 in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Ford Motor in the 2nd quarter worth $30,000. Institutional investors 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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