Ford Motor (NYSE:F) Upgraded to “Hold” at Wall Street Zen

Ford Motor (NYSE:F) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research firms also recently commented on F. UBS Group decreased their target price on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Piper Sandler boosted their target price on shares of Ford Motor from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, May 22nd. TD Cowen initiated coverage on shares of Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 price objective for the company. Barclays upped their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Finally, Citigroup upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.03.

Ford Motor Price Performance

Shares of NYSE F opened at $10.44 on Friday. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.85. The firm has a fifty day simple moving average of $10.12 and a 200 day simple moving average of $9.98. The company has a market capitalization of $41.50 billion, a PE ratio of 7.15, a P/E/G ratio of 0.61 and a beta of 1.50. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The firm had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The business’s revenue was down 6.2% compared to the same quarter last year. On average, sell-side analysts forecast that Ford Motor will post 1.47 EPS for the current year.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently made changes to their positions in F. Grove Bank & Trust grew its holdings in Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,882 shares during the last quarter. Elite Financial Inc. purchased a new position in Ford Motor during the 1st quarter valued at about $27,000. Olde Wealth Management LLC purchased a new position in Ford Motor in the first quarter worth about $28,000. Bank of Jackson Hole Trust bought a new stake in shares of Ford Motor in the fourth quarter worth approximately $29,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in Ford Motor during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.