Ford Motor (NYSE:F) Upgraded at Piper Sandler

Ford Motor (NYSE:F) was upgraded by stock analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a report released on Thursday,Benzinga reports. The brokerage currently has a $16.00 target price on the auto manufacturer’s stock, up from their prior target price of $11.00. Piper Sandler’s target price suggests a potential upside of 16.41% from the stock’s previous close.

Several other equities analysts have also commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Wells Fargo & Company raised their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. Wall Street Zen upgraded Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. Citigroup increased their target price on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, October 27th. Finally, Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $9.00 to $12.00 in a research note on Monday, October 6th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Ford Motor has a consensus rating of “Hold” and a consensus price target of $12.54.

Ford Motor Stock Performance

NYSE:F opened at $13.75 on Thursday. The company has a market capitalization of $54.77 billion, a price-to-earnings ratio of 11.85 and a beta of 1.62. The business has a 50 day moving average of $13.22 and a 200 day moving average of $12.20. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. Ford Motor has a 1-year low of $8.44 and a 1-year high of $13.99.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The business had revenue of $50.53 billion for the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. On average, sell-side analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of Ford Motor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC increased its position in Ford Motor by 16.5% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock valued at $65,000 after purchasing an additional 776 shares during the period. Cyndeo Wealth Partners LLC boosted its stake in shares of Ford Motor by 7.2% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer’s stock valued at $153,000 after purchasing an additional 784 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of Ford Motor by 1.3% during the third quarter. Capital Investment Advisors LLC now owns 64,112 shares of the auto manufacturer’s stock valued at $767,000 after buying an additional 824 shares during the period. Silverlake Wealth Management LLC raised its stake in Ford Motor by 1.7% in the third quarter. Silverlake Wealth Management LLC now owns 48,085 shares of the auto manufacturer’s stock worth $575,000 after buying an additional 827 shares in the last quarter. Finally, L2 Asset Management LLC lifted its holdings in Ford Motor by 4.7% in the third quarter. L2 Asset Management LLC now owns 18,317 shares of the auto manufacturer’s stock worth $219,000 after buying an additional 827 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.