Bank of America Has Lowered Expectations for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price objective reduced by equities research analysts at Bank of America from $19.00 to $15.50 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the auto manufacturer’s stock. Bank of America‘s target price suggests a potential upside of 67.57% from the company’s current price.

F has been the topic of a number of other reports. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and reduced their target price for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft reduced their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Finally, Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.04.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $9.25 on Thursday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The business’s 50 day simple moving average is $10.10 and its two-hundred day simple moving average is $10.60. The stock has a market capitalization of $36.76 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 1.96 and a beta of 1.63. Ford Motor has a one year low of $9.18 and a one year high of $14.85.

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

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently added to or reduced their stakes in the stock. Hager Investment Management Services LLC purchased a new stake in Ford Motor during the fourth quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new stake in Ford Motor in the fourth quarter worth about $29,000. Kentucky Trust Co purchased a new stake in shares of Ford Motor during the fourth quarter worth about $31,000. Reston Wealth Management LLC purchased a new stake in shares of Ford Motor during the third quarter worth about $33,000. Finally, Crewe Advisors LLC grew its position in shares of Ford Motor by 169.9% during the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,068 shares in the last quarter. 58.74% of the stock is owned by 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.