Ford Motor (NYSE:F - Get Free Report) had its target price raised by analysts at UBS Group from $9.00 to $11.00 in a report released on Monday,Benzinga reports. The firm currently has a "neutral" rating on the auto manufacturer's stock. UBS Group's price target indicates a potential downside of 6.26% from the company's current price.
Other analysts also recently issued reports about the company. Wall Street Zen downgraded Ford Motor from a "hold" rating to a "sell" rating in a research report on Saturday. Wolfe Research upgraded Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Piper Sandler lifted their price objective on Ford Motor from $8.50 to $9.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Citigroup lifted their target price on Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their target price on Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $10.17.
Check Out Our Latest Research Report on Ford Motor
Ford Motor Stock Down 0.4%
F traded down $0.05 during trading on Monday, reaching $11.73. The stock had a trading volume of 2,608,380 shares, compared to its average volume of 82,980,616. The stock's 50 day moving average is $10.69 and its two-hundred day moving average is $10.07. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $46.66 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of 1.00 and a beta of 1.49. Ford Motor has a one year low of $8.44 and a one year high of $14.85.
Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The company had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same period last year, the company earned $0.49 EPS. Ford Motor's revenue for the quarter was down 6.2% on a year-over-year basis. As a group, analysts expect that Ford Motor will post 1.47 earnings per share for the current year.
Insider Activity
In related news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider directly owned 113,939 shares in the company, valued at $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 available through the SEC website. Insiders own 0.48% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tounjian Advisory Partners LLC purchased a new stake in Ford Motor during the first quarter worth about $974,000. Generali Investments CEE investicni spolecnost a.s. raised its position in Ford Motor by 25.0% during the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer's stock worth $3,009,000 after acquiring an additional 60,000 shares during the last quarter. APG Asset Management N.V. acquired a new position in Ford Motor during the fourth quarter worth about $20,408,000. Abundance Wealth Counselors raised its position in shares of Ford Motor by 32.6% in the first quarter. Abundance Wealth Counselors now owns 157,919 shares of the auto manufacturer's stock valued at $1,594,000 after buying an additional 38,794 shares during the last quarter. Finally, Inscription Capital LLC acquired a new position in shares of Ford Motor in the first quarter valued at approximately $251,000. 58.74% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Company Profile
(
Get Free Report)
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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