HSBC Issues Positive Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:FGet Free Report) had its target price boosted by equities researchers at HSBC from $9.80 to $12.80 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the auto manufacturer’s stock. HSBC’s price target suggests a potential downside of 8.41% from the stock’s previous close.

Several other brokerages have also recently issued reports on F. Wells Fargo & Company boosted their price target on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Friday, October 24th. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and boosted their target price for the company from $9.00 to $12.00 in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ford Motor in a report on Monday, December 22nd. Evercore ISI upped their price objective on shares of Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a research report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.55.

View Our Latest Research Report on Ford Motor

Ford Motor Stock Performance

NYSE:F traded down $0.06 during trading hours on Tuesday, reaching $13.98. 34,132,024 shares of the company’s stock were exchanged, compared to its average volume of 67,497,992. The firm has a market capitalization of $55.68 billion, a price-to-earnings ratio of 12.06 and a beta of 1.62. The company has a 50-day moving average of $13.29 and a 200 day moving average of $12.28. 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 1-year low of $8.44 and a 1-year high of $14.50.

Ford Motor (NYSE:FGet Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The company had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. During the same period in the previous year, the business posted $0.49 earnings per share. Ford Motor’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Hedge Funds Weigh In On Ford Motor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC increased its position in shares of Ford Motor by 16.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock valued at $65,000 after buying an additional 776 shares in the last quarter. Cyndeo Wealth Partners LLC increased its holdings in 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 acquiring an additional 784 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in Ford Motor by 1.3% during the 3rd quarter. Capital Investment Advisors LLC now owns 64,112 shares of the auto manufacturer’s stock valued at $767,000 after acquiring an additional 824 shares in the last quarter. Silverlake Wealth Management LLC raised its position in Ford Motor by 1.7% during the third quarter. Silverlake Wealth Management LLC now owns 48,085 shares of the auto manufacturer’s stock worth $575,000 after acquiring an additional 827 shares during the last quarter. Finally, L2 Asset Management LLC lifted its holdings in shares of Ford Motor by 4.7% in the third quarter. L2 Asset Management LLC now owns 18,317 shares of the auto manufacturer’s stock valued at $219,000 after purchasing an additional 827 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Ford Motor

Here are the key news stories impacting Ford Motor this week:

About Ford Motor

(Get Free Report)

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.

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Analyst Recommendations for Ford Motor (NYSE:F)

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