JPMorgan Chase & Co. Issues Positive Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $14.00 to $15.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the auto manufacturer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 10.25% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Zacks Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Wells Fargo & Company upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. The Goldman Sachs Group increased their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Evercore ISI lifted their target price 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 raised Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average target price of $13.12.

Ford Motor Stock Up 2.4%

Shares of NYSE:F traded up $0.33 during midday trading on Wednesday, hitting $13.61. 19,088,383 shares of the company’s stock were exchanged, compared to its average volume of 63,134,070. 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 12 month low of $8.44 and a 12 month high of $14.50. The company has a market cap of $54.21 billion, a PE ratio of 11.73 and a beta of 1.62. The stock has a 50 day moving average price of $13.36 and a 200-day moving average price of $12.38.

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

Hedge Funds Weigh In On Ford Motor

A number of large investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Ford Motor in the second quarter worth $405,328,000. DLD Asset Management LP bought a new position in Ford Motor during the 3rd quarter worth approximately $299,000,000. Marshall Wace LLP increased its position in shares of Ford Motor by 712.7% in the second quarter. Marshall Wace LLP now owns 19,572,437 shares of the auto manufacturer’s stock valued at $212,361,000 after acquiring an additional 17,164,234 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Ford Motor by 32.7% in the second quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock worth $318,365,000 after buying an additional 7,238,424 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Company Profile

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.