Ford Motor (NYSE:F) Upgraded at Wall Street Zen

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

Several other research firms have also recently weighed in on F. Morgan Stanley lifted their price objective on Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and lifted their price target for the company from $9.00 to $12.00 in a research report on Monday, October 6th. The Goldman Sachs Group raised their price objective on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Piper Sandler upped their target price on shares of Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Citigroup increased their price target on shares of Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Ford Motor presently has an average rating of “Hold” and an average target price of $12.18.

Ford Motor Stock Performance

NYSE:F opened at $13.31 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The firm’s fifty day simple moving average is $13.14 and its 200 day simple moving average is $12.03. The stock has a market cap of $53.01 billion, a P/E ratio of 11.47 and a beta of 1.60. Ford Motor has a twelve month low of $8.44 and a twelve month high of $13.99.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. The business had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. As a group, research analysts predict that Ford Motor will post 1.47 EPS for the current year.

Hedge Funds Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently bought and sold shares of F. Vanguard Group Inc. raised its holdings in shares of Ford Motor by 1.2% during the third quarter. Vanguard Group Inc. now owns 467,617,755 shares of the auto manufacturer’s stock valued at $5,592,708,000 after purchasing an additional 5,371,758 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Ford Motor by 3.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer’s stock worth $1,575,118,000 after purchasing an additional 5,118,228 shares during the period. Geode Capital Management LLC raised its stake in Ford Motor by 17.9% during the 2nd quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock valued at $1,122,434,000 after buying an additional 15,748,694 shares during the last quarter. Norges Bank bought a new position in shares of Ford Motor during the 2nd quarter valued at $405,328,000. Finally, Marshall Wace LLP boosted its stake in shares of Ford Motor by 81.1% in the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock worth $423,847,000 after buying an additional 15,866,285 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.