Royal Bank Of Canada Issues Positive Forecast for Ford Motor (NYSE:F) Stock Price

Key Points

• Royal Bank of Canada raised its price target for Ford Motor stock from $10.00 to $11.00, suggesting a potential downside of 0.05% from the stock's previous close.
• Multiple analysts have increased their price targets for Ford, with the consensus rating being "Hold" and a consensus price target of $10.53.
• Ford Motor's recent earnings report revealed $0.37 EPS, exceeding the consensus estimate of $0.33, alongside a 5% year-over-year revenue growth.

Ford Motor (NYSE:F - Get Free Report) had its price objective hoisted by research analysts at Royal Bank Of Canada from $10.00 to $11.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "sector perform" rating on the auto manufacturer's stock. Royal Bank Of Canada's target price would indicate a potential downside of 2.09% from the stock's current price.

A number of other equities analysts have also weighed in on the stock. Sanford C. Bernstein lowered shares of Ford Motor from a "market perform" rating to an "underperform" rating and lowered their price objective for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. The Goldman Sachs Group lifted their price objective on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Piper Sandler lifted 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. Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $10.53.

Ford Motor Stock Up 1.6%

Shares of NYSE F opened at $11.24 on Tuesday. 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 stock has a market cap of $44.68 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 3.21 and a beta of 1.48. The business has a 50-day moving average price of $10.96 and a 200 day moving average price of $10.24. Ford Motor has a 52-week low of $8.44 and a 52-week high of $11.97.

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 for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Equities research analysts forecast that Ford Motor will post 1.47 earnings per share for the current year.

Insider Transactions at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the insider directly owned 113,939 shares in the company, valued at $1,253,329. This represents a 20.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.48% of the company's stock.

Institutional Investors Weigh In On Ford Motor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parcion Private Wealth LLC grew its stake in shares of Ford Motor by 7.9% in the second quarter. Parcion Private Wealth LLC now owns 12,557 shares of the auto manufacturer's stock valued at $136,000 after buying an additional 919 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Ford Motor by 3.0% in the second quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer's stock valued at $374,000 after purchasing an additional 934 shares during the period. Convergence Investment Partners LLC grew its holdings in Ford Motor by 7.4% during the 2nd quarter. Convergence Investment Partners LLC now owns 13,707 shares of the auto manufacturer's stock valued at $149,000 after purchasing an additional 941 shares in the last quarter. Hemington Wealth Management boosted its position in Ford Motor by 30.9% in the 2nd quarter. Hemington Wealth Management now owns 4,016 shares of the auto manufacturer's stock valued at $43,000 after buying an additional 947 shares during the last quarter. Finally, Meriwether Wealth & Planning LLC increased its position in shares of Ford Motor by 6.9% during the second quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer's stock worth $165,000 after acquiring an additional 985 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.