JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Ford Motor (NYSE:F) Stock

Ford Motor (NYSE:F) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from $15.00 to $16.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the auto manufacturer’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 12.48% from the company’s previous close.

F has been the subject of a number of other research reports. Wells Fargo & Company boosted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. The Goldman Sachs Group raised their price target on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Wall Street Zen upgraded Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a research note on Wednesday, May 13th. Finally, Citigroup increased their target price on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.79.

Ford Motor Trading Up 0.2%

Shares of F stock opened at $14.22 on Friday. Ford Motor has a 1-year low of $10.68 and a 1-year high of $17.78. The company has a market cap of $56.68 billion, a price-to-earnings ratio of -9.18, a PEG ratio of 0.32 and a beta of 1.82. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The stock has a 50 day simple moving average of $14.30 and a 200-day simple moving average of $13.40.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. On average, equities research analysts expect that Ford Motor will post 1.66 EPS for the current fiscal year.

Institutional Trading of Ford Motor

Large investors have recently bought and sold shares of the business. Grove Bank & Trust boosted its holdings in shares of Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. MV Capital Management Inc. acquired a new stake in shares of Ford Motor in the fourth quarter valued at approximately $25,000. McMillan Office Inc. acquired a new stake in shares of Ford Motor in the fourth quarter valued at approximately $26,000. Olistico Wealth LLC purchased a new position in Ford Motor during the fourth quarter worth approximately $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. purchased a new position in Ford Motor during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

About Ford Motor

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.