Ford Motor (NYSE:F) Rating Lowered to “Market Perform” at Sanford C. Bernstein

Ford Motor (NYSE:F) was downgraded by investment analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a report issued on Thursday, MarketBeat.com reports. They currently have a $11.00 price target on the auto manufacturer’s stock. Sanford C. Bernstein’s target price suggests a potential upside of 0.27% from the company’s current price.

Several other brokerages have also recently commented on F. Wells Fargo & Company dropped their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Barclays decreased their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Evercore ISI raised Ford Motor to a “hold” rating in a research note on Friday, July 26th. Finally, Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.02.

Ford Motor Stock Performance

Shares of F stock opened at $10.97 on Thursday. The company has a 50-day simple moving average of $10.77 and a 200 day simple moving average of $11.57. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The company has a market capitalization of $43.60 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.88 and a beta of 1.62. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter last year, the business earned $0.39 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that Ford Motor will post 1.82 earnings per share for the current year.

Institutional Investors Weigh In On Ford Motor

Several large investors have recently made changes to their positions in the business. Czech National Bank lifted its stake in shares of Ford Motor by 6.5% during the 3rd quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock valued at $8,403,000 after buying an additional 48,456 shares in the last quarter. Claro Advisors LLC boosted its stake in Ford Motor by 333.6% in the 3rd quarter. Claro Advisors LLC now owns 59,179 shares of the auto manufacturer’s stock worth $625,000 after purchasing an additional 45,532 shares during the period. 1834 Investment Advisors Co. boosted its stake in Ford Motor by 87.7% in the 3rd quarter. 1834 Investment Advisors Co. now owns 274,433 shares of the auto manufacturer’s stock worth $2,898,000 after purchasing an additional 128,256 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Ford Motor by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock valued at $71,039,000 after buying an additional 59,082 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Ford Motor by 49.3% in the third quarter. Janney Montgomery Scott LLC now owns 998,712 shares of the auto manufacturer’s stock worth $10,546,000 after buying an additional 329,631 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other 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.