Ford Motor (NYSE:F) Given New $10.00 Price Target at Evercore ISI

Ford Motor (NYSE:F) had its price target decreased by equities research analysts at Evercore ISI from $11.00 to $10.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “in-line” rating on the auto manufacturer’s stock. Evercore ISI’s price target indicates a potential upside of 8.28% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Sanford C. Bernstein cut 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. Bank of America dropped their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Finally, Wells Fargo & Company decreased their target price on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus price target of $11.89.

Ford Motor Price Performance

Shares of NYSE F traded down $0.01 during midday trading on Monday, reaching $9.24. 26,731,595 shares of the company were exchanged, compared to its average volume of 78,427,070. Ford Motor has a one year low of $9.12 and a one year high of $14.85. The stock’s 50-day moving average price is $10.06 and its 200-day moving average price is $10.52. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The stock has a market cap of $36.70 billion, a P/E ratio of 6.34, a PEG ratio of 1.80 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, sell-side analysts anticipate that Ford Motor will post 1.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of F. Hager Investment Management Services LLC bought a new position in shares of Ford Motor during the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new position in shares of Ford Motor during the fourth quarter valued at approximately $29,000. Reston Wealth Management LLC purchased a new stake in Ford Motor in the third quarter worth $33,000. Kentucky Trust Co bought a new stake in Ford Motor in the fourth quarter valued at $31,000. Finally, Access Investment Management LLC purchased a new position in Ford Motor during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.