Bank of America Forecasts Strong Price Appreciation for Ford Motor (NYSE:F) Stock

by · The Cerbat Gem

Ford Motor (NYSE:F – Get Free Report) had its price target boosted by equities research analysts at Bank of America from $17.00 to $20.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the auto manufacturer’s stock. Bank of America‘s price target indicates a potential upside of 13.62% from the company’s current price.

A number of other research firms also recently issued reports on F. Wells Fargo & Company cut their price target on Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a report on Wednesday, May 13th. UBS Group lowered their price target on Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $13.00 price objective on shares of Ford Motor in a research report on Friday, May 15th. Finally, The Goldman Sachs Group reduced their target price on Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $13.77.

Read Our Latest Report on F

Ford Motor Stock Up 5.7%

Shares of F traded up $0.95 during trading hours on Friday, hitting $17.60. The company had a trading volume of 88,372,356 shares, compared to its average volume of 62,758,223. The firm has a fifty day moving average price of $12.60 and a 200-day moving average price of $13.10. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The stock has a market capitalization of $70.14 billion, a price-to-earnings ratio of -11.36, a P/E/G ratio of 0.35 and a beta of 1.65. Ford Motor has a 52-week low of $9.88 and a 52-week high of $17.77.

Ford Motor (NYSE:F – Get Free Report) last issued its earnings results 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 positive return on equity of 15.77% and a negative net margin of 3.22%.The business had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same quarter in the previous year, the firm earned $0.14 EPS. Ford Motor’s revenue was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that Ford Motor will post 1.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in F. Maripau Wealth Management LLC increased its holdings in Ford Motor by 1.6% in the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock valued at $538,000 after purchasing an additional 749 shares during the period. Parkside Financial Bank & Trust grew its holdings in Ford Motor by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock worth $144,000 after acquiring an additional 756 shares during the period. Robertson Stephens Wealth Management LLC grew its holdings in Ford Motor by 1.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after acquiring an additional 761 shares during the period. CRA Financial Services LLC grew its holdings in Ford Motor by 4.4% during the 4th quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock worth $240,000 after acquiring an additional 775 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Ford Motor by 16.5% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock worth $65,000 after acquiring an additional 776 shares during the period. 58.74% of the stock is owned by institutional investors.

Ford Motor Company Profile

(Get Free Report)

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.

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