Ford Motor (NYSE:F) Price Target Raised to $16.00

Ford Motor (NYSE:F) had its price objective boosted by research analysts at The Goldman Sachs Group from $13.00 to $16.00 in a report issued on Thursday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the auto manufacturer’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 12.23% from the company’s previous close.

Other analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Wells Fargo & Company decreased their price objective on Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. TD Cowen lowered their target price on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Citigroup increased their target price on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Finally, Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.63.

Ford Motor Price Performance

NYSE F traded down $0.04 on Thursday, reaching $14.26. 4,845,641 shares of the company’s stock traded hands, compared to its average volume of 62,629,391. The stock has a market cap of $56.81 billion, a PE ratio of -9.20, a P/E/G ratio of 0.33 and a beta of 1.79. Ford Motor has a 12 month low of $10.38 and a 12 month high of $17.78. The stock has a 50-day simple moving average of $13.33 and a 200 day simple moving average of $13.26. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same period in the previous year, the business posted $0.14 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts predict that Ford Motor will post 1.64 earnings per share for the current year.

Institutional Trading of Ford Motor

Several large investors have recently modified their holdings of F. Norges Bank purchased a new stake in shares of Ford Motor in the 4th quarter worth about $674,437,000. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Ford Motor during the fourth quarter valued at about $1,769,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Ford Motor by 2.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock worth $57,008,000 after buying an additional 103,423 shares in the last quarter. TD Asset Management Inc raised its stake in Ford Motor by 11.0% in the fourth quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock worth $25,036,000 after buying an additional 189,310 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in Ford Motor in the third quarter worth about $893,000. 58.74% of the stock is owned by institutional investors.

More Ford Motor News

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: UBS raised its price target on Ford and reiterated a Buy rating, citing the company’s strong cash flow and recent share gains, which supports a more constructive outlook for Ford Motor Company (F).
• Positive Sentiment: Novelis restarted production at its Oswego, New York aluminum plant, easing a supply bottleneck that had disrupted Ford’s F-150 truck production and could improve manufacturing stability. Reuters: Novelis restarts production at New York plant key to Ford trucks
• Positive Sentiment: Ford was highlighted as one of the “cash-rich” stocks to buy, with strong trailing operating cash flow, reinforcing the view that the company has financial flexibility. InsiderMonkey: Ford Motor Company among cash-rich stocks to buy
• Neutral Sentiment: Several articles focused on Ford’s recent technical strength and long-term valuation debate, including comparisons with Bank of America and General Motors, which may help sentiment but do not represent a new fundamental catalyst. 247WallSt: After Their Golden Crosses, Is Bank of America or Ford Better for Retirement Portfolios?
• Neutral Sentiment: Ford’s Q1 results were still being framed as relatively strong versus peers, suggesting the company remains on solid footing after a better-than-expected earnings report. Yahoo Finance: Ford Q1 Earnings
• Negative Sentiment: Ford is recalling 548,463 U.S. vehicles due to a defective center console, a headline that can pressure the stock by raising repair costs, warranty expenses, and reputational risk. Reuters: Ford to recall more than 548,000 US vehicles over defective center console
• Negative Sentiment: One market wrap noted Ford’s shares fell more than the broader market in the latest session, indicating some near-term weakness despite the favorable longer-term commentary. Zacks: Ford Motor Company registers a bigger fall than the market

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.