Ford Motor (NYSE:F) Price Target Raised to $11.00 at Wells Fargo & Company

Ford Motor (NYSE:F) had its price objective lifted by investment analysts at Wells Fargo & Company from $10.00 to $11.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the auto manufacturer’s stock. Wells Fargo & Company‘s target price would suggest a potential downside of 22.83% from the company’s current price.

A number of other research analysts also recently commented on F. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, May 13th. UBS Group raised their target price on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Citigroup boosted their price target on Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $13.00 target price on shares of Ford Motor in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.70.

Ford Motor Stock Up 3.0%

F stock traded up $0.41 during mid-day trading on Thursday, reaching $14.25. The company had a trading volume of 15,172,613 shares, compared to its average volume of 62,181,621. The company has a market capitalization of $56.80 billion, a price-to-earnings ratio of -9.20, a PEG ratio of 0.31 and a beta of 1.79. Ford Motor has a 52 week low of $10.47 and a 52 week high of $17.78. The stock has a 50 day simple moving average of $13.82 and a two-hundred day simple moving average of $13.35. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94.

Ford Motor (NYSE:F) last announced 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. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts predict that Ford Motor will post 1.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Ford Motor during the fourth quarter worth about $674,437,000. DLD Asset Management LP bought a new position in shares of Ford Motor during the third quarter worth approximately $299,000,000. Marshall Wace LLP increased its stake in Ford Motor by 81.1% during the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock worth $423,847,000 after acquiring an additional 15,866,285 shares during the period. AQR Capital Management LLC raised its holdings in Ford Motor by 610.1% in the 4th quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after acquiring an additional 9,603,267 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Ford Motor by 26.9% during the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock valued at $500,572,000 after acquiring an additional 8,086,564 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

About Ford Motor

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.