Piper Sandler Lowers Ford Motor (NYSE:F) Price Target to $8.50

Ford Motor (NYSE:F - Get Free Report) had its target price dropped by stock analysts at Piper Sandler from $9.00 to $8.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the auto manufacturer's stock. Piper Sandler's price target suggests a potential downside of 18.66% from the company's current price.

F has been the subject of several other research reports. Bank of America dropped their price objective on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating for the company in a research note on Thursday, February 6th. BNP Paribas raised Ford Motor to a "hold" rating in a report on Monday, February 10th. Sanford C. Bernstein lowered 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. UBS Group dropped their price objective on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, TD Cowen assumed coverage on shares of Ford Motor in a report on Friday, March 7th. They set a "hold" rating and a $10.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $10.00.

Ford Motor Price Performance

NYSE:F traded up $0.17 during mid-day trading on Tuesday, reaching $10.45. The stock had a trading volume of 76,201,623 shares, compared to its average volume of 74,972,304. The stock has a 50-day simple moving average of $9.81 and a two-hundred day simple moving average of $10.06. 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 12 month low of $8.44 and a 12 month high of $14.85. The stock has a market capitalization of $41.42 billion, a PE ratio of 7.16, a P/E/G ratio of 0.61 and a beta of 1.53.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The business had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. During the same period last year, the firm posted $0.49 earnings per share. Ford Motor's revenue was down 6.2% compared to the same quarter last year. On average, equities analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock worth $3,980,630,000 after purchasing an additional 57,182,803 shares in the last quarter. Pacer Advisors Inc. raised its stake in Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock worth $492,253,000 after buying an additional 48,378,444 shares during the period. Norges Bank acquired a new stake in Ford Motor in the fourth quarter valued at approximately $387,282,000. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 valued at $1,404,741,000 after acquiring an additional 10,947,527 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Ford Motor by 88.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer's stock valued at $222,872,000 after acquiring an additional 10,535,335 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

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.