Ford Motor (NYSE:F) Price Target Raised to $20.00 at Bank of America

Ford Motor (NYSE:F) had its price target lifted by Bank of America from $17.00 to $20.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the auto manufacturer’s stock. Bank of America‘s price target would suggest a potential upside of 13.62% from the company’s previous close.

Several other equities research analysts have also issued reports on F. Wall Street Zen lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. UBS Group dropped their target price on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Citigroup dropped their target price on shares of Ford Motor from $13.50 to $13.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, TD Cowen dropped 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. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ford Motor has an average rating of “Hold” and an average target price of $13.77.

Ford Motor Stock Up 5.7%

Shares of F stock traded up $0.95 during trading hours on Friday, hitting $17.60. 88,372,356 shares of the company were exchanged, compared to its average volume of 62,758,223. The business’s 50-day simple moving average is $12.60 and its two-hundred day simple moving average is $13.10. Ford Motor has a one year low of $9.88 and a one year high of $17.77. 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 stock has a market capitalization of $70.14 billion, a price-to-earnings ratio of -11.36, a P/E/G ratio of 0.35 and a beta of 1.65.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same quarter last year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts predict that Ford Motor will post 1.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

Several large investors have recently bought and sold shares of F. Grove Bank & Trust lifted its stake in shares of Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,000 shares during the last quarter. MV Capital Management Inc. bought a new stake in Ford Motor in the 4th quarter valued at about $25,000. Olistico Wealth LLC bought a new stake in Ford Motor in the 4th quarter valued at about $26,000. McMillan Office Inc. bought a new stake in Ford Motor in the 4th quarter valued at about $26,000. Finally, Legacy Wealth Managment LLC ID grew its holdings 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 valued at $27,000 after purchasing an additional 1,230 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.