Barclays Forecasts Strong Price Appreciation for Ford Motor (NYSE:F) Stock

Ford Motor (NYSE:F) had its target price upped by equities researchers at Barclays from $13.00 to $14.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the auto manufacturer’s stock. Barclays‘s price objective indicates a potential upside of 3.49% from the stock’s previous close.

Several other research firms also recently commented on F. Bank of America upped their target price on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. The Goldman Sachs Group upped their price target on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Zacks Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday. UBS Group boosted their price objective on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, TD Cowen lowered their target price on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average target price of $14.77.

Ford Motor Stock Performance

NYSE F opened at $13.53 on Thursday. The stock has a market cap of $53.90 billion, a PE ratio of -8.73, a P/E/G ratio of 0.30 and a beta of 1.82. 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 firm has a 50-day moving average of $14.04 and a 200-day moving average of $13.37. Ford Motor has a 52-week low of $10.68 and a 52-week high of $17.78.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to analysts’ expectations 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 was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. On average, sell-side analysts anticipate that Ford Motor will post 1.64 EPS for the current year.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds and other institutional investors have recently bought and sold shares of F. Caxton Associates LLP bought a new position in shares of Ford Motor during the first quarter valued at $304,000. Empowered Funds LLC raised its position in Ford Motor by 41.6% during the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after purchasing an additional 43,385 shares during the last quarter. Jump Financial LLC bought a new position in Ford Motor during the 2nd quarter worth $172,000. NewEdge Advisors LLC grew its position in shares of Ford Motor by 26.3% in the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after buying an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Ford Motor by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock worth $19,786,000 after acquiring an additional 26,526 shares during the last quarter. 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.