Barclays Downgrades Ford Motor (NYSE:F) to Equal Weight

Ford Motor (NYSE:F) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. They presently have a $11.00 price objective on the auto manufacturer’s stock, down from their previous price objective of $13.00. Barclays‘s target price points to a potential upside of 8.32% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Finally, Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $11.67.

Ford Motor Trading Up 1.2 %

Shares of F stock opened at $10.16 on Wednesday. The firm’s 50-day simple moving average is $10.33 and its 200-day simple moving average is $10.87. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The firm has a market cap of $40.36 billion, a P/E ratio of 11.54, a PEG ratio of 2.01 and a beta of 1.64.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. As a group, equities analysts forecast that Ford Motor will post 1.77 EPS for the current year.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in shares of Ford Motor by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after acquiring an additional 5,270,562 shares in the last quarter. Geode Capital Management LLC increased its stake in Ford Motor by 1.7% during the third quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer’s stock valued at $863,009,000 after purchasing an additional 1,336,676 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Ford Motor by 1.0% during the second quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after purchasing an additional 318,715 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Ford Motor by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,347,303 shares of the auto manufacturer’s stock worth $257,108,000 after buying an additional 636,330 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Ford Motor by 112.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock valued at $126,477,000 after buying an additional 6,348,185 shares during the period. Institutional investors 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.