Citigroup Issues Positive Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its target price hoisted by equities researchers at Citigroup from $13.00 to $19.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the auto manufacturer’s stock. Citigroup’s price objective would indicate a potential upside of 13.74% from the stock’s current price.

Other analysts have also issued reports about the stock. Bank of America boosted their target price on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company dropped their price target on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research report on Friday, March 27th. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 price target on shares of Ford Motor in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.20.

Ford Motor Stock Down 4.2%

NYSE:F traded down $0.74 during mid-day trading on Monday, hitting $16.71. 72,465,986 shares of the company’s stock were exchanged, compared to its average volume of 63,496,484. Ford Motor has a one year low of $9.88 and a one year high of $17.78. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The business has a fifty day moving average price of $12.72 and a 200 day moving average price of $13.13. The company has a market cap of $66.56 billion, a PE ratio of -10.75, a P/E/G ratio of 0.38 and a beta of 1.79.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. During the same period in the previous year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts predict that Ford Motor will post 1.61 EPS for the current year.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors have recently bought and sold shares of the business. Grove Bank & Trust lifted its position in shares of Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,000 shares in the last quarter. MV Capital Management Inc. acquired a new position in Ford Motor in the 4th quarter valued at about $25,000. McMillan Office Inc. acquired a new position in shares of Ford Motor during the 4th quarter valued at about $26,000. Olistico Wealth LLC purchased a new stake in shares of Ford Motor during the 4th quarter worth about $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. purchased a new stake in shares of Ford Motor during the 4th quarter worth about $29,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Company Profile

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.