The Goldman Sachs Group Increases Ford Motor (NYSE:F) Price Target to $12.00

Key Points

• Goldman Sachs has raised its price target for Ford Motor from $11.00 to $12.00, maintaining a "neutral" rating on the stock, which indicates a potential downside of 0.17% from its previous close.
• Ford's stock has seen various target price adjustments from multiple firms, with the consensus target price currently at $10.57, reflecting mixed analyst ratings including two Buy, eleven Hold, and three Sell ratings.
• Ford reported earnings of $0.37 per share last quarter, surpassing estimates, with revenues up 5% year-over-year to $50.18 billion, indicating a strong performance despite market volatility.

Ford Motor (NYSE:F - Get Free Report) had its price objective increased by equities research analysts at The Goldman Sachs Group from $11.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the auto manufacturer's stock. The Goldman Sachs Group's price target points to a potential downside of 0.17% from the company's previous close.

F has been the topic of several other research reports. UBS Group boosted their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Jefferies Financial Group boosted their target price on shares of Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a research report on Monday, August 11th. Royal Bank Of Canada upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company a "sector perform" rating in a report on Tuesday, August 5th. Dbs Bank downgraded shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. Finally, Piper Sandler upped their price objective on shares of Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $10.57.

Ford Motor Stock Up 3.4%

NYSE:F opened at $12.02 on Monday. The company has a market cap of $47.84 billion, a PE ratio of 15.41, a P/E/G ratio of 3.45 and a beta of 1.52. Ford Motor has a twelve month low of $8.44 and a twelve month high of $12.32. 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 company's 50 day moving average is $11.49 and its two-hundred day moving average is $10.75.

Ford Motor (NYSE:F - Get Free Report) last released 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 company had revenue of $50.18 billion for 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%. Ford Motor's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 EPS. Analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Insider Activity

In related news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the transaction, the insider directly owned 113,939 shares in the company, valued at $1,253,329. The trade was a 20.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ford Motor

Several large investors have recently made changes to their positions in F. Grove Bank & Trust lifted its stake 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 valued at $25,000 after purchasing an additional 1,882 shares during the period. Trust Co. of Toledo NA OH acquired a new position in Ford Motor during the second quarter worth $25,000. Elite Financial Inc. acquired a new position in Ford Motor during the first quarter worth $27,000. Country Trust Bank acquired a new position in Ford Motor during the second quarter worth $27,000. Finally, Capital A Wealth Management LLC raised its position in Ford Motor by 990.9% during the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 2,279 shares during the period. 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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