Bank of America Issues Pessimistic Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price objective reduced by investment analysts at Bank of America from $19.00 to $15.50 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the auto manufacturer’s stock. Bank of America‘s price target would indicate a potential upside of 55.36% from the company’s previous close.

A number of other equities analysts have also recently weighed in on F. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a report on Tuesday, October 29th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $12.13.

Ford Motor Trading Down 1.8 %

NYSE:F opened at $9.98 on Thursday. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The firm’s fifty day moving average is $10.16 and its 200-day moving average is $10.62. The firm has a market cap of $39.65 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.96 and a beta of 1.63. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Equities analysts expect that Ford Motor will post 1.78 earnings per share for the current year.

Institutional Investors Weigh In On Ford Motor

Large investors have recently made changes to their positions in the business. Plato Investment Management Ltd raised its stake in shares of Ford Motor by 27.4% during the fourth quarter. Plato Investment Management Ltd now owns 152,999 shares of the auto manufacturer’s stock valued at $1,520,000 after purchasing an additional 32,863 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Ford Motor during the 4th quarter valued at $423,000. Jones Financial Companies Lllp increased its stake in Ford Motor by 44.2% during the 4th quarter. Jones Financial Companies Lllp now owns 634,841 shares of the auto manufacturer’s stock worth $6,285,000 after buying an additional 194,555 shares during the period. Modera Wealth Management LLC lifted its stake in shares of Ford Motor by 21.7% in the fourth quarter. Modera Wealth Management LLC now owns 29,552 shares of the auto manufacturer’s stock worth $293,000 after acquiring an additional 5,262 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of Ford Motor by 412.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 23,949 shares of the auto manufacturer’s stock valued at $237,000 after purchasing an additional 19,272 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

About Ford Motor

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.