JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Ford Motor (NYSE:F) Stock

Ford Motor (NYSE:F) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $15.00 to $16.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the auto manufacturer’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 11.86% from the stock’s current price.

Several other brokerages have also issued reports on F. Citigroup increased their target price on Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 13th. TD Cowen lowered their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. The Goldman Sachs Group boosted their target price on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Finally, UBS Group upped their target price on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.79.

Ford Motor Trading Up 0.8%

Shares of NYSE F traded up $0.11 during midday trading on Friday, hitting $14.30. 10,778,603 shares of the company traded hands, compared to its average volume of 60,719,805. Ford Motor has a 12-month low of $10.68 and a 12-month high of $17.78. The firm has a market cap of $57.00 billion, a P/E ratio of -9.20, a P/E/G ratio of 0.31 and a beta of 1.82. The stock has a 50-day moving average price of $14.26 and a 200 day moving average price of $13.40. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. The business had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. Ford Motor’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.14 earnings per share. As a group, analysts expect that Ford Motor will post 1.64 earnings per share for the current year.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently added to or reduced their stakes in the stock. Maripau Wealth Management LLC increased its holdings in shares of Ford Motor by 1.6% during the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock valued at $538,000 after acquiring an additional 749 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Ford Motor by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock worth $144,000 after purchasing an additional 756 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in Ford Motor by 1.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock valued at $560,000 after purchasing an additional 761 shares during the last quarter. CRA Financial Services LLC increased its stake in Ford Motor by 4.4% during the 4th quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock valued at $240,000 after purchasing an additional 775 shares in the last quarter. Finally, Southern Financial Group LLC increased its stake in Ford Motor by 2.3% during the 1st quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer’s stock valued at $401,000 after purchasing an additional 776 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

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.