Bank of America Has Lowered Expectations for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its target price cut by investment analysts at Bank of America from $19.00 to $15.50 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the auto manufacturer’s stock. Bank of America‘s target price would suggest a potential upside of 55.36% from the company’s previous close.

Several other brokerages also recently commented on F. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a report on Thursday, November 7th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft decreased their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the company from $12.00 to $9.00 in a report on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.13.

Ford Motor Stock Performance

Shares of F stock opened at $9.98 on Thursday. The stock has a fifty day moving average of $10.16 and a 200 day moving average of $10.62. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $39.65 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 1.96 and a beta of 1.63.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. As a group, research analysts expect that Ford Motor will post 1.78 earnings per share for the current year.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors have recently bought and sold shares of F. Hager Investment Management Services LLC bought a new position in shares of Ford Motor in the fourth quarter worth about $26,000. Bank of Jackson Hole Trust bought a new position in Ford Motor in the 4th quarter valued at $29,000. Kentucky Trust Co bought a new position in Ford Motor in the 4th quarter worth approximately $31,000. Reston Wealth Management LLC bought a new stake in Ford Motor during the 3rd quarter worth about $33,000. Finally, Crewe Advisors LLC boosted its stake in Ford Motor by 169.9% in the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 2,068 shares during the last quarter. Hedge funds and other 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.