Ford Motor (NYSE:F) Price Target Lowered to $13.00 at Barclays

Ford Motor (NYSE:F) had its target price decreased by research analysts at Barclays from $14.00 to $13.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the auto manufacturer’s stock. Barclays‘s price target points to a potential upside of 26.71% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada dropped their price objective on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a report on Monday, August 12th. Wolfe Research began coverage on shares of Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Evercore ISI raised shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.48.

Ford Motor Trading Down 9.8 %

F stock traded down $1.11 during midday trading on Tuesday, hitting $10.26. The stock had a trading volume of 30,525,141 shares, compared to its average volume of 53,117,996. The business has a fifty day moving average price of $10.84 and a two-hundred day moving average price of $11.67. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The firm has a market cap of $40.96 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The firm had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that Ford Motor will post 1.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

A number of large investors have recently modified their holdings of F. Assenagon Asset Management S.A. raised its holdings in Ford Motor by 14,373.9% in the third quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after buying an additional 8,824,000 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after buying an additional 7,793,944 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Ford Motor by 456.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock worth $50,160,000 after buying an additional 3,281,800 shares during the last quarter. AQR Capital Management LLC raised its holdings in Ford Motor by 103.6% in the second quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock worth $60,844,000 after buying an additional 2,497,695 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Ford Motor by 1,215.6% in the third quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock worth $28,444,000 after buying an additional 2,488,850 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

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.