Ford Motor (NYSE:F) Given a $13.00 Price Target by Goldman Sachs Group Analysts

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Ford Motor (NYSE:F) has been assigned a $13.00 price objective by equities researchers at Goldman Sachs Group in a report released on Thursday, TipRanks reports. The firm currently has a “buy” rating on the auto manufacturer’s stock. Goldman Sachs Group’s price objective indicates a potential upside of 30.19% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group upgraded Ford Motor to a “buy” rating and lifted their target price for the company from $11.00 to $12.50 in a research report on Tuesday, April 30th. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research report on Tuesday, April 30th. ValuEngine upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Citigroup reiterated a “reduce” rating on shares of Ford Motor in a research report on Wednesday, April 10th. Finally, Nomura cut Ford Motor from a “neutral” rating to a “reduce” rating and decreased their target price for the company from $8.20 to $7.50 in a research report on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Ford Motor has a consensus rating of “Hold” and a consensus price target of $10.54.

Shares of NYSE F opened at $9.99 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.10 and a debt-to-equity ratio of 2.82. Ford Motor has a 52 week low of $7.41 and a 52 week high of $12.05. The firm has a market capitalization of $39.30 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.98 and a beta of 1.13.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.18. Ford Motor had a return on equity of 14.41% and a net margin of 1.94%. The company had revenue of $40.34 billion for the quarter, compared to analysts’ expectations of $37.37 billion. During the same quarter last year, the business earned $0.43 earnings per share. Ford Motor’s revenue was down 3.9% on a year-over-year basis. As a group, equities analysts anticipate that Ford Motor will post 1.38 EPS for the current year.

In related news, CEO James P. Hackett sold 20,000 shares of Ford Motor stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $9.61, for a total value of $192,200.00. Following the transaction, the chief executive officer now directly owns 214,575 shares of the company’s stock, valued at $2,062,065.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Catherine A. O’callaghan sold 53,000 shares of Ford Motor stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $10.33, for a total value of $547,490.00. Following the completion of the transaction, the vice president now directly owns 48,275 shares in the company, valued at $498,680.75. The disclosure for this sale can be found here. Company insiders own 0.83% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Ford Motor by 25.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,146,997 shares of the auto manufacturer’s stock valued at $10,071,000 after acquiring an additional 232,639 shares in the last quarter. Columbia Asset Management increased its holdings in shares of Ford Motor by 25.3% during the fourth quarter. Columbia Asset Management now owns 83,306 shares of the auto manufacturer’s stock valued at $637,000 after acquiring an additional 16,802 shares in the last quarter. Norges Bank bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $161,692,000. Frontier Investment Mgmt Co. increased its holdings in shares of Ford Motor by 4.7% during the fourth quarter. Frontier Investment Mgmt Co. now owns 55,802 shares of the auto manufacturer’s stock valued at $427,000 after acquiring an additional 2,504 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $4,001,000. 52.37% of the stock is currently owned by institutional investors.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Analyst Recommendations for Ford Motor (NYSE:F)

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