Barclays Forecasts Strong Price Appreciation for Ford Motor (NYSE:F) Stock
Barclays has raised its target price for Ford Motor (NYSE:F) from $8.00 to $9.00, maintaining an "equal weight" rating. This suggests a potential downside of 13.84% from the stock's previous close. Other analysts have also adjusted their ratings, with a consensus rating of "Hold" and an average target price of $9.93. Ford's stock recently traded at $10.45, with a market cap of $41.40 billion. The company reported a quarterly EPS of $0.14, exceeding estimates, but revenue declined by 6.2% year-over-year.
Ford Motor (NYSE:F - Get Free Report) had its price target increased by research analysts at Barclays from $8.00 to $9.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the auto manufacturer's stock. Barclays's price target would suggest a potential downside of 13.84% from the stock's previous close.
- Ford Motor Stock Rises After Earnings, But Momentum May Not Last
F has been the subject of several other reports. Royal Bank of Canada dropped their target price on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Citigroup assumed coverage on shares of Ford Motor in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $10.00 target price on the stock. Piper Sandler dropped their price target on shares of Ford Motor from $9.00 to $8.50 and set a "neutral" rating for the company in a research report on Tuesday. Bank of America decreased their price objective on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Evercore ISI dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $9.93.
Get Our Latest Research Report on F
Ford Motor Price Performance
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NYSE F traded up $0.28 on Tuesday, reaching $10.45. 131,586,988 shares of the company's stock traded hands, compared to its average volume of 74,054,809. The stock has a market cap of $41.40 billion, a PE ratio of 7.15, a P/E/G ratio of 0.61 and a beta of 1.53. Ford Motor has a 12 month low of $8.44 and a 12 month high of $14.85. The stock has a 50-day simple moving average of $9.73 and a 200 day simple moving average of $10.07. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.
Ford Motor (NYSE:F - Get Free Report) last issued its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The company had revenue of $40.66 billion for the quarter, compared to analysts' expectations of $35.99 billion. During the same quarter last year, the company earned $0.49 EPS. The firm's revenue was down 6.2% compared to the same quarter last year. As a group, research analysts predict that Ford Motor will post 1.47 earnings per share for the current year.
Institutional Trading of Ford Motor
- Gold Miners Ready for Breakout Amid Record High Prices
Several institutional investors have recently added to or reduced their stakes in F. Albion Financial Group UT boosted its holdings in shares of Ford Motor by 38.5% during the 4th quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer's stock valued at $36,000 after acquiring an additional 1,000 shares during the last quarter. Brighton Jones LLC raised its holdings in Ford Motor by 5.4% in the 4th quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer's stock worth $195,000 after purchasing an additional 1,001 shares during the period. Angeles Wealth Management LLC lifted its position in Ford Motor by 1.3% during the fourth quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer's stock valued at $799,000 after purchasing an additional 1,024 shares in the last quarter. Kovack Advisors Inc. grew its holdings in Ford Motor by 1.7% during the first quarter. Kovack Advisors Inc. now owns 62,199 shares of the auto manufacturer's stock valued at $624,000 after purchasing an additional 1,035 shares during the period. Finally, Atlas Brown Inc. increased its position in Ford Motor by 1.7% in the fourth quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer's stock worth $627,000 after buying an additional 1,047 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.
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.
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