Ford Motor (NYSE:F - Get Free Report) was downgraded by stock analysts at Barclays from an "overweight" rating to an "equal weight" rating in a research note issued to investors on Wednesday, Marketbeat.com reports. They presently have a $11.00 price target on the auto manufacturer's stock, down from their previous price target of $13.00. Barclays's target price points to a potential upside of 9.62% from the company's previous close.
Several other equities analysts have also recently commented on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Sanford C. Bernstein cut shares of Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 target price for the company. in a research note on Thursday, November 7th. Wolfe Research reissued an "underperform" rating on shares of Ford Motor in a report on Thursday, December 5th. Jefferies Financial Group lowered shares of Ford Motor from a "hold" rating to an "underperform" rating and lowered their price target for the company from $12.00 to $9.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group raised shares of Ford Motor from a "neutral" rating to a "buy" rating and boosted their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $11.67.
Get Our Latest Report on Ford Motor
Ford Motor Stock Down 3.8 %
NYSE F traded down $0.40 during trading on Wednesday, reaching $10.04. The company's stock had a trading volume of 64,782,180 shares, compared to its average volume of 63,292,566. The business has a 50-day moving average price of $10.35 and a 200-day moving average price of $10.88. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The stock has a market capitalization of $39.88 billion, a PE ratio of 11.40, a PEG ratio of 1.96 and a beta of 1.64.
Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analysts' expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share. On average, research analysts forecast that Ford Motor will post 1.77 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Ensign Peak Advisors Inc raised its position in shares of Ford Motor by 40.5% in the 2nd quarter. Ensign Peak Advisors Inc now owns 589,197 shares of the auto manufacturer's stock valued at $7,389,000 after acquiring an additional 169,725 shares during the period. ProShare Advisors LLC raised its position in shares of Ford Motor by 7.4% in the 2nd quarter. ProShare Advisors LLC now owns 600,449 shares of the auto manufacturer's stock valued at $7,530,000 after acquiring an additional 41,229 shares during the period. 1832 Asset Management L.P. raised its position in shares of Ford Motor by 154.2% in the 2nd quarter. 1832 Asset Management L.P. now owns 6,384 shares of the auto manufacturer's stock valued at $80,000 after acquiring an additional 3,873 shares during the period. DRW Securities LLC acquired a new stake in shares of Ford Motor in the 2nd quarter valued at approximately $161,000. Finally, Public Sector Pension Investment Board raised its position in shares of Ford Motor by 76.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 153,112 shares of the auto manufacturer's stock valued at $1,920,000 after acquiring an additional 66,123 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.
About Ford Motor
(
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.
Featured Articles
Before you consider Ford Motor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ford Motor wasn't on the list.
While Ford Motor currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.