Ford Motor (NYSE:F) Given New $17.00 Price Target at UBS Group

Ford Motor (NYSE:F) had its price target lifted by stock analysts at UBS Group from $14.00 to $17.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the auto manufacturer’s stock. UBS Group’s price target points to a potential upside of 12.92% from the company’s current price.

Several other research firms also recently issued reports on F. The Goldman Sachs Group decreased their price target on Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Bank of America upped their target price on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Wells Fargo & Company lowered their price target on Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average price target of $14.41.

Ford Motor Stock Up 1.0%

Shares of Ford Motor stock traded up $0.16 during midday trading on Monday, reaching $15.06. 6,546,538 shares of the company’s stock traded hands, compared to its average volume of 63,167,574. The company has a market cap of $59.99 billion, a price-to-earnings ratio of -9.71, a price-to-earnings-growth ratio of 0.32 and a beta of 1.79. The company’s 50 day simple moving average is $13.12 and its 200 day simple moving average is $13.22. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. Ford Motor has a 52 week low of $10.29 and a 52 week high of $17.78.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. Ford Motor’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. Equities analysts expect that Ford Motor will post 1.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently made changes to their positions in F. Grove Bank & Trust increased its stake in Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. MV Capital Management Inc. bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $25,000. McMillan Office Inc. bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $26,000. Olistico Wealth LLC acquired a new stake in shares of Ford Motor during the 4th quarter worth approximately $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $29,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.