JPMorgan Chase & Co. Has Lowered Expectations for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from $17.00 to $16.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the auto manufacturer’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 32.08% from the stock’s current price.

F has been the topic of a number of other reports. DZ Bank raised shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a research report on Friday, July 31st. BNP Paribas Exane lifted their price target on shares of Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $19.00 to $20.00 in a research report on Wednesday, July 29th. Royal Bank Of Canada upped their price objective on shares of 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, UBS Group decreased their price objective on shares of Ford Motor from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus price target of $15.36.

Ford Motor Price Performance

F stock opened at $12.11 on Monday. The business has a 50 day moving average price of $13.43 and a 200 day moving average price of $13.55. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The stock has a market cap of $48.31 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 0.25 and a beta of 1.93. Ford Motor has a fifty-two week low of $11.11 and a fifty-two week high of $17.78.

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

Institutional Investors Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in F. BlackRock Inc. acquired a new position in shares of Ford Motor in the 2nd quarter valued at $4,649,131,000. State Street Corp raised its position in Ford Motor by 0.8% in the 2nd quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock valued at $2,697,153,000 after purchasing an additional 1,492,186 shares during the last quarter. Bank of America Corp DE raised its position in Ford Motor by 318.0% in the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock valued at $1,006,703,000 after purchasing an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Ford Motor in the 2nd quarter valued at $717,218,000. Finally, Dimensional Fund Advisors LP boosted its stake in Ford Motor by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock worth $547,379,000 after purchasing an additional 1,585,557 shares during the period. Hedge funds and other institutional investors 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.