Ford Motor (NYSE:F) Price Target Raised to $12.00 at JPMorgan Chase & Co.

Ford Motor (NYSE:F) had its price target boosted by analysts at JPMorgan Chase & Co. from $11.00 to $12.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the auto manufacturer’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 16.73% from the company’s current price.

F has been the topic of several other research reports. Barclays reduced their price objective on shares of Ford Motor from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 15th. BNP Paribas raised Ford Motor to a “hold” rating in a research note on Monday, February 10th. UBS Group cut their price objective on Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Citigroup began coverage on shares of Ford Motor in a research report on Wednesday, April 23rd. They set a “neutral” rating and a $10.00 target price for the company. Finally, StockNews.com lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.83.

Ford Motor Price Performance

Shares of F opened at $10.28 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The stock has a market cap of $40.74 billion, a PE ratio of 7.04, a PEG ratio of 0.61 and a beta of 1.41. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.85. The business has a 50-day simple moving average of $9.72 and a two-hundred day simple moving average of $10.09.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Ford Motor by 16.6% in the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock valued at $3,980,630,000 after purchasing an additional 57,182,803 shares during the period. Norges Bank bought a new position in Ford Motor during the fourth quarter valued at about $387,282,000. Jacobs Levy Equity Management Inc. increased its holdings in Ford Motor by 88.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer’s stock worth $222,872,000 after buying an additional 10,535,335 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in Ford Motor by 2,905.1% in the fourth quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer’s stock valued at $79,096,000 after acquiring an additional 7,723,601 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock valued at $1,278,153,000 after acquiring an additional 6,497,321 shares during the period. 58.74% of the stock is owned by hedge funds and other 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.