Ford Motor (NYSE:F) Price Target Raised to $12.00 at Evercore ISI

Ford Motor (NYSE:F) had its price target upped by Evercore ISI from $10.00 to $12.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “in-line” rating on the auto manufacturer’s stock. Evercore ISI’s price objective would indicate a potential downside of 7.16% from the company’s current price.

Other research analysts also recently issued reports about the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, November 17th. Wells Fargo & Company lifted their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Friday, October 24th. The Goldman Sachs Group raised their price target on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 29th. JPMorgan Chase & Co. lifted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Barclays increased their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.88.

Ford Motor Price Performance

Shares of F stock traded up $0.10 during trading on Monday, hitting $12.93. The company had a trading volume of 7,014,129 shares, compared to its average volume of 96,186,094. The stock’s 50-day moving average is $12.42 and its two-hundred day moving average is $11.54. The stock has a market capitalization of $51.50 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. Ford Motor has a 52 week low of $8.44 and a 52 week high of $13.97.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The firm had revenue of $50.53 billion for the quarter, compared to the consensus estimate of $43.08 billion. During the same period last year, the firm posted $0.49 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Institutional Trading of Ford Motor

Several hedge funds have recently bought and sold shares of F. Vanguard Group Inc. grew its stake in shares of Ford Motor by 13.8% during the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock valued at $4,590,333,000 after acquiring an additional 55,576,478 shares during the period. Norges Bank bought a new stake in shares of Ford Motor during the 2nd quarter valued at $405,328,000. DLD Asset Management LP bought a new position in Ford Motor in the 3rd quarter worth $299,000,000. Marshall Wace LLP increased its stake in Ford Motor by 712.7% in the 2nd quarter. Marshall Wace LLP now owns 19,572,437 shares of the auto manufacturer’s stock worth $212,361,000 after buying an additional 17,164,234 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Ford Motor by 17.9% during the second quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock valued at $1,122,434,000 after acquiring an additional 15,748,694 shares during the period. 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.