Ford Motor (NYSE:F) Given New $10.00 Price Target at Royal Bank of Canada

Ford Motor (NYSE:F) had its price objective cut by stock analysts at Royal Bank of Canada from $13.00 to $10.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “sector perform” rating on the auto manufacturer’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 0.60% from the company’s current price.

F has been the subject of a number of other research reports. Citigroup upped their price target on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Sanford C. Bernstein assumed coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target on the stock. The Goldman Sachs Group decreased their price target on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Barclays cut their price objective on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Evercore ISI raised Ford Motor to a “hold” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.48.

Ford Motor Price Performance

NYSE F traded down $0.16 during trading hours on Monday, reaching $9.94. 22,117,000 shares of the stock traded hands, compared to its average volume of 55,157,121. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The stock has a 50 day simple moving average of $12.21 and a two-hundred day simple moving average of $12.34. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company has a market cap of $39.68 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 0.75 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, analysts predict that Ford Motor will post 1.94 EPS for the current fiscal year.

Insider Buying and Selling at Ford Motor

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors have recently bought and sold shares of F. Norges Bank bought a new stake in shares of Ford Motor during the 4th quarter valued at $475,899,000. Coatue Management LLC purchased a new stake in Ford Motor in the 4th quarter worth $149,152,000. Dimensional Fund Advisors LP raised its holdings in Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after acquiring an additional 7,793,944 shares during the period. Newport Trust Company LLC lifted its position in shares of Ford Motor by 4.5% in the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after acquiring an additional 6,667,808 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Ford Motor by 6.3% in the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after acquiring an additional 3,522,965 shares during the period. 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.