Ford Motor (NYSE:F) Price Target Raised to $11.00

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 target lifted by equities researchers at Royal Bank Of Canada from $10.00 to $11.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "sector perform" rating on the auto manufacturer's stock. Royal Bank Of Canada's price objective would suggest a potential downside of 3.00% from the stock's current price.

A number of other analysts have also issued reports on the company. Barclays boosted their target price on Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. increased their target price on Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Sanford C. Bernstein cut Ford Motor from a "market perform" rating to an "underperform" rating and lowered their target price for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group increased their price target on shares of Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Three equities 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $10.53.

Ford Motor Trading Up 0.5%

F stock traded up $0.06 during midday trading on Tuesday, hitting $11.34. 48,394,478 shares of the company's stock were exchanged, compared to its average volume of 101,521,094. Ford Motor has a 1-year low of $8.44 and a 1-year high of $11.97. 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 capitalization of $45.09 billion, a PE ratio of 14.54, a P/E/G ratio of 3.24 and a beta of 1.48. The business has a 50-day simple moving average of $10.98 and a two-hundred day simple moving average of $10.25.

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

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.48% of the company's stock.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Capital Management LLC grew its stake in Ford Motor by 7.1% during the 2nd quarter. Advisors Capital Management LLC now owns 13,428 shares of the auto manufacturer's stock worth $146,000 after buying an additional 885 shares during the last quarter. Parcion Private Wealth LLC lifted its stake in 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 during the last quarter. Wedmont Private Capital boosted its holdings 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 acquiring an additional 934 shares during the period. Convergence Investment Partners LLC raised its position in Ford Motor by 7.4% in 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 during the last quarter. Finally, Hemington Wealth Management boosted its stake in Ford Motor by 30.9% during the 2nd quarter. Hemington Wealth Management now owns 4,016 shares of the auto manufacturer's stock worth $43,000 after purchasing an additional 947 shares during the period. 58.74% of the stock is 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.