Ford Motor (NYSE:F) Stock Price Expected to Rise, UBS Group Analyst Says

Ford Motor (NYSE:F) had its price target upped by stock analysts at UBS Group from $9.00 to $11.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the auto manufacturer’s stock. UBS Group’s price target suggests a potential downside of 4.97% from the stock’s current price.

A number of other brokerages have also commented on F. The Goldman Sachs Group increased their price target on Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. increased their target price on Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Wall Street Zen lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Saturday. Piper Sandler upped their price target on shares of Ford Motor from $8.50 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 22nd. Finally, Citigroup increased their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.17.

Ford Motor Trading Down 2.6%

Shares of F stock opened at $11.58 on Monday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.97 and a current ratio of 1.13. The stock has a fifty day simple moving average of $10.75 and a two-hundred day simple moving average of $10.10. The firm has a market capitalization of $46.03 billion, a PE ratio of 9.26, a PEG ratio of 1.01 and a beta of 1.49. Ford Motor has a 52-week low of $8.44 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The business had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. On average, analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Insider Transactions at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the transaction, the insider directly owned 113,939 shares in the company, valued at approximately $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ford Motor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Ford Motor by 13.8% in the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after buying an additional 55,576,478 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ford Motor by 8.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after acquiring an additional 10,947,527 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Ford Motor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock worth $830,662,000 after buying an additional 2,089,127 shares during the period. Pacer Advisors Inc. raised its stake in shares of Ford Motor by 6,915.1% in the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock worth $492,253,000 after purchasing an additional 48,378,444 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Ford Motor by 11.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer’s stock worth $460,444,000 after purchasing an additional 4,925,993 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

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.