Ford Motor (NYSE:F) Price Target Raised to $12.00 at Evercore ISI

Ford Motor (NYSE:F) had its price objective upped by investment analysts at Evercore ISI from $10.00 to $12.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “in-line” rating on the auto manufacturer’s stock. Evercore ISI’s target price indicates a potential downside of 7.16% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Citigroup upped their target price on shares of Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, October 27th. Piper Sandler upped their price objective on shares of Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Dbs Bank lowered shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. Royal Bank Of Canada upped their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, October 24th. Finally, Jefferies Financial Group upgraded shares of Ford Motor from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $9.00 to $12.00 in a research report on Monday, October 6th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.88.

Ford Motor Trading Up 0.7%

Shares of NYSE:F traded up $0.10 during mid-day trading on Monday, reaching $12.93. The stock had a trading volume of 7,014,129 shares, compared to its average volume of 96,186,094. The firm has a market cap of $51.50 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60. The firm has a 50 day simple moving average of $12.42 and a two-hundred day simple moving average of $11.54. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. Ford Motor has a twelve month low of $8.44 and a twelve month high of $13.97.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. On average, research analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd purchased a new stake in Ford Motor in the 1st quarter valued at about $520,000. Avantax Advisory Services Inc. lifted its holdings in Ford Motor by 20.7% during the first quarter. Avantax Advisory Services Inc. now owns 281,901 shares of the auto manufacturer’s stock worth $2,827,000 after acquiring an additional 48,355 shares during the period. Assetmark Inc. boosted its position in Ford Motor by 51.9% in the first quarter. Assetmark Inc. now owns 10,668 shares of the auto manufacturer’s stock worth $107,000 after purchasing an additional 3,646 shares during the last quarter. TD Asset Management Inc grew its stake in Ford Motor by 2.9% in the 1st quarter. TD Asset Management Inc now owns 1,692,619 shares of the auto manufacturer’s stock valued at $16,977,000 after purchasing an additional 47,321 shares during the period. Finally, Empirical Finance LLC boosted its holdings in shares of Ford Motor by 2.4% in the 1st quarter. Empirical Finance LLC now owns 137,078 shares of the auto manufacturer’s stock worth $1,375,000 after buying an additional 3,190 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.