UBS Group Raises Ford Motor (NYSE:F) Price Target to $17.00

Ford Motor (NYSE:F) had its price target increased by investment analysts at UBS Group from $14.00 to $17.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the auto manufacturer’s stock. UBS Group’s price target would indicate a potential upside of 12.92% from the company’s previous close.

Several other research firms have also weighed in on F. Wall Street Zen lowered Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research report on Friday, March 27th. TD Cowen reduced their target price on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. The Goldman Sachs Group dropped their price target on Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Finally, Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.41.

Ford Motor Price Performance

Shares of NYSE:F traded up $0.16 during trading hours on Monday, hitting $15.06. 6,546,538 shares of the company’s stock traded hands, compared to its average volume of 63,167,574. Ford Motor has a 52 week low of $10.29 and a 52 week high of $17.78. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The company’s fifty day simple moving average is $13.12 and its two-hundred day simple moving average is $13.22. The company has a market cap of $59.99 billion, a price-to-earnings ratio of -9.71, a price-to-earnings-growth ratio of 0.32 and a beta of 1.79.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The business had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. As a group, equities analysts anticipate that Ford Motor will post 1.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

Institutional investors have recently modified their holdings of the stock. Grove Bank & Trust raised its holdings in shares of Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,000 shares in the last quarter. MV Capital Management Inc. purchased a new position in Ford Motor in the fourth quarter valued at about $25,000. Olistico Wealth LLC acquired a new position in Ford Motor in the 4th quarter worth about $26,000. McMillan Office Inc. purchased a new stake in shares of Ford Motor during the 4th quarter worth about $26,000. Finally, Legacy Wealth Managment LLC ID raised its stake in shares of Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,230 shares in the last quarter. Institutional investors and hedge funds 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.