Ford Motor (NYSE:F) Given New $14.00 Price Target at UBS Group

Ford Motor (NYSE:F) had its price objective raised by analysts at UBS Group from $13.00 to $14.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the auto manufacturer’s stock. UBS Group’s target price indicates a potential upside of 9.72% from the company’s current price.

Other analysts have also issued reports about the company. Redburn Atlantic initiated coverage on Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective for the company. Citigroup boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Morgan Stanley boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Piper Sandler initiated coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective for the company. Finally, Barclays boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Ford Motor presently has an average rating of “Hold” and an average target price of $13.95.

Ford Motor Trading Down 1.5 %

Shares of NYSE:F traded down $0.19 during midday trading on Thursday, reaching $12.76. The company’s stock had a trading volume of 20,333,566 shares, compared to its average volume of 53,410,754. The firm has a market capitalization of $50.70 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.02 and a beta of 1.63. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20. The firm has a 50 day moving average price of $12.60 and a two-hundred day moving average price of $11.78. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. As a group, analysts forecast that Ford Motor will post 1.9 earnings per share for the current year.

Insider Buying and Selling

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of F. Newport Trust Company LLC increased its holdings in Ford Motor by 4.5% during the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after purchasing an additional 6,667,808 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Ford Motor by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock valued at $1,068,596,000 after purchasing an additional 269,887 shares during the period. Fisher Asset Management LLC increased its holdings in Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after purchasing an additional 3,522,965 shares during the period. Norges Bank purchased a new position in Ford Motor during the 4th quarter valued at about $475,899,000. Finally, Northern Trust Corp increased its holdings in Ford Motor by 3.8% during the 3rd quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock valued at $473,312,000 after purchasing an additional 1,392,408 shares during the period. 58.74% of the stock is owned by institutional investors.

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.