Wells Fargo & Company Lowers Ford Motor (NYSE:F) Price Target to $8.00

Ford Motor (NYSE:F) had its price target lowered by investment analysts at Wells Fargo & Company from $9.00 to $8.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the auto manufacturer’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 14.58% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.04.

Ford Motor Stock Performance

Ford Motor stock traded down $0.64 during trading hours on Thursday, reaching $9.37. 74,216,829 shares of the stock were exchanged, compared to its average volume of 71,388,305. Ford Motor has a 52-week low of $9.29 and a 52-week high of $14.85. The stock has a market cap of $37.22 billion, a P/E ratio of 10.68, 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. The firm’s 50 day moving average is $10.14 and its 200 day moving average is $10.61.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Ford Motor will post 1.78 EPS for the current fiscal year.

Institutional Trading of Ford Motor

Several large investors have recently bought and sold shares of the company. Algert Global LLC acquired a new position in shares of Ford Motor in the second quarter worth about $214,000. Czech National Bank increased its holdings in Ford Motor by 6.5% during the 3rd quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock worth $8,403,000 after purchasing an additional 48,456 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Ford Motor by 19.6% in the 3rd quarter. GAMMA Investing LLC now owns 44,300 shares of the auto manufacturer’s stock valued at $468,000 after purchasing an additional 7,256 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of Ford Motor by 8.5% during the 3rd quarter. Brookstone Capital Management now owns 955,129 shares of the auto manufacturer’s stock valued at $10,086,000 after buying an additional 75,193 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC acquired a new stake in shares of Ford Motor during the third quarter worth approximately $149,000. 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.