Ford Motor (NYSE:F) Upgraded at Jefferies Financial Group

Ford Motor (NYSE:F) was upgraded by stock analysts at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a research report issued on Monday,Benzinga reports. The brokerage currently has a $12.00 target price on the auto manufacturer’s stock, up from their prior target price of $9.00. Jefferies Financial Group’s price target suggests a potential downside of 5.21% from the stock’s previous close.

Several other research analysts have also recently weighed in on F. Piper Sandler boosted their target price on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Royal Bank Of Canada upped their price objective on Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a report on Tuesday, August 5th. The Goldman Sachs Group upped their price objective on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 29th. Wells Fargo & Company upped their price objective on Ford Motor from $8.00 to $10.00 and gave the company an “underweight” rating in a report on Friday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ford Motor in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.93.

Ford Motor Price Performance

NYSE:F opened at $12.66 on Monday. Ford Motor has a 12 month low of $8.44 and a 12 month high of $12.67. The stock has a 50 day moving average of $11.58 and a two-hundred day moving average of $10.83. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The firm has a market cap of $50.39 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 3.64 and a beta of 1.53.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. During the same period in the previous year, the business earned $0.47 EPS. Ford Motor’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts expect that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ford Motor

Large investors have recently bought and sold shares of the business. Trust Co. of Toledo NA OH purchased a new position in Ford Motor in the second quarter valued at $25,000. Capital A Wealth Management LLC boosted its stake in Ford Motor by 990.9% in the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 2,279 shares in the last quarter. Country Trust Bank acquired a new position in Ford Motor in the second quarter valued at $27,000. Grove Bank & Trust boosted its stake in Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,882 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in Ford Motor in the second quarter valued at $30,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.