UBS Group Has Lowered Expectations for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its target price cut by equities researchers at UBS Group from $17.00 to $15.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the auto manufacturer’s stock. UBS Group’s target price suggests a potential upside of 23.81% from the stock’s current price.

Several other equities research analysts have also recently issued reports on F. Wells Fargo & Company lifted their target price on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. DZ Bank upgraded Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a research note on Friday, July 31st. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price target for the company from $19.00 to $20.00 in a research note on Wednesday, July 29th. Royal Bank Of Canada upped their price target on Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.43.

Ford Motor Trading Down 1.3%

Shares of NYSE:F traded down $0.17 on Wednesday, hitting $12.12. The company had a trading volume of 33,713,713 shares, compared to its average volume of 57,069,734. The firm’s 50-day simple moving average is $13.69 and its two-hundred day simple moving average is $13.54. The firm has a market capitalization of $48.31 billion, a price-to-earnings ratio of -6.48, a P/E/G ratio of 0.25 and a beta of 1.93. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. Ford Motor has a 1 year low of $11.11 and a 1 year high of $17.78.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.37 EPS. Equities analysts anticipate that Ford Motor will post 1.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wealthfront Advisers LLC acquired a new stake in shares of Ford Motor in the 2nd quarter valued at approximately $11,492,000. Public Employees Retirement System of Ohio lifted its stake in Ford Motor by 22.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer’s stock valued at $23,095,000 after purchasing an additional 366,218 shares during the last quarter. KBC Group NV boosted its position in Ford Motor by 223.5% in the first quarter. KBC Group NV now owns 2,229,629 shares of the auto manufacturer’s stock valued at $25,729,000 after buying an additional 1,540,403 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Ford Motor in the second quarter valued at approximately $1,730,000. Finally, Blue Capital Inc. acquired a new stake in shares of Ford Motor during the 2nd quarter valued at $2,425,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.