JPMorgan Chase & Co. Cuts Ford Motor (NYSE:F) Price Target to $13.00

Ford Motor (NYSE:F) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $14.00 to $13.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the auto manufacturer’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 40.54% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and cut their price target for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Royal Bank of Canada reduced their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday. 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 research report on Thursday. Barclays cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Finally, 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 research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.04.

Ford Motor Trading Down 0.1 %

NYSE F traded down $0.01 during trading on Friday, hitting $9.25. The stock had a trading volume of 139,847,173 shares, compared to its average volume of 79,826,805. 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 company has a market capitalization of $36.76 billion, a PE ratio of 10.51, a PEG ratio of 1.96 and a beta of 1.63. The firm has a 50 day moving average price of $10.10 and a 200 day moving average price of $10.60. Ford Motor has a twelve month low of $9.18 and a twelve month high of $14.85.

Ford Motor (NYSE:F) last announced its earnings results 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 1.93% and a return on equity of 16.16%. As a group, equities research analysts forecast that Ford Motor will post 1.78 earnings per share for the current year.

Institutional Investors Weigh In On Ford Motor

Hedge funds have recently made changes to their positions in the business. Algert Global LLC purchased a new position in Ford Motor during the 2nd quarter worth $214,000. Czech National Bank boosted its holdings in Ford Motor by 6.5% in the 3rd quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock valued at $8,403,000 after purchasing an additional 48,456 shares in the last quarter. Watts Gwilliam & Co. LLC acquired a new position in Ford Motor during the 3rd quarter worth approximately $149,000. San Luis Wealth Advisors LLC raised its stake in shares of Ford Motor by 129.4% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 49,634 shares of the auto manufacturer’s stock worth $524,000 after buying an additional 27,997 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Ford Motor by 270.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 25,169 shares of the auto manufacturer’s stock valued at $266,000 after buying an additional 18,380 shares in the last quarter. Institutional investors and hedge funds 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.