Ford Motor (NYSE:F) PT Lowered to $9.00

Ford Motor (NYSE:F) had its price objective decreased by investment analysts at Wells Fargo & Company from $10.00 to $9.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “underweight” rating on the auto manufacturer’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 12.54% from the stock’s previous close.

Several other research firms also recently commented on F. Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Wolfe Research began coverage on Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. The Goldman Sachs Group reduced their target price on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Sanford C. Bernstein started coverage on shares of Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price target on shares of Ford Motor in a report on Tuesday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.95.

Ford Motor Stock Performance

Ford Motor stock traded down $0.37 during mid-day trading on Tuesday, reaching $10.29. The company had a trading volume of 17,830,176 shares, compared to its average volume of 54,021,008. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The firm has a market cap of $40.91 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.77 and a beta of 1.62. The company has a 50 day moving average of $11.66 and a 200-day moving average of $12.14. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts expect that Ford Motor will post 1.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Ford Motor

Several large investors have recently made changes to their positions in the company. Pinnacle Associates Ltd. boosted its stake in Ford Motor by 2.6% in the first quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock valued at $432,000 after acquiring an additional 817 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Ford Motor by 29.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock worth $44,000 after purchasing an additional 828 shares during the last quarter. Legacy Wealth Asset Management LLC grew its stake in shares of Ford Motor by 1.7% during the first quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock worth $650,000 after purchasing an additional 836 shares during the period. Insight Wealth Partners LLC increased its holdings in Ford Motor by 1.9% in the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after purchasing an additional 843 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its stake in Ford Motor by 2.9% in the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after buying an additional 846 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

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.