Ford Motor (NYSE:F) Given New $14.00 Price Target at UBS Group

Ford Motor (NYSE:F) had its price objective increased by stock analysts at UBS Group from $13.00 to $14.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the auto manufacturer’s stock. UBS Group’s target price suggests a potential upside of 9.72% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $12.00 price objective on shares of Ford Motor in a report on Wednesday, February 7th. Morgan Stanley raised their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Piper Sandler began coverage on shares of Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target for the company. Citigroup increased their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Barclays raised their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $13.95.

Ford Motor Trading Down 1.5 %

F stock traded down $0.19 during midday trading on Thursday, reaching $12.76. 20,333,566 shares of the company’s stock traded hands, compared to its average volume of 53,410,754. The company has a market capitalization of $50.70 billion, a P/E ratio of 11.80, a PEG ratio of 1.02 and a beta of 1.63. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42. The business has a 50-day moving average price of $12.60 and a two-hundred day moving average price of $11.78.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Equities research analysts forecast that Ford Motor will post 1.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of Ford Motor by 15.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after acquiring an additional 44,581 shares during the period. Pearl River Capital LLC lifted its holdings in shares of Ford Motor by 174.2% during the third quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock valued at $4,125,000 after acquiring an additional 211,037 shares during the period. TIAA Trust National Association bought a new position in shares of Ford Motor in the third quarter valued at about $1,104,000. Mackenzie Financial Corp raised its holdings in shares of Ford Motor by 110.5% in the third quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock valued at $8,460,000 after buying an additional 367,977 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Ford Motor by 616.0% in the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after buying an additional 258,920 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

About Ford Motor

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.