Ford Motor (NYSE:F) Price Target Cut to $11.00 by Analysts at JPMorgan Chase & Co.

Ford Motor (NYSE:F) had its target price decreased by analysts at JPMorgan Chase & Co. from $13.00 to $11.00 in a report released on Thursday,Briefing.com Automated Import reports. The brokerage currently has an “overweight” rating on the auto manufacturer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 6.61% from the stock’s previous close.

Several other research firms have also issued reports on F. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Piper Sandler cut their price objective on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Wells Fargo & Company dropped their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Finally, TD Cowen began coverage on Ford Motor in a report on Friday, March 7th. They issued a “hold” rating and a $10.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.37.

Ford Motor Stock Performance

Shares of NYSE F opened at $10.32 on Thursday. The company has a 50-day simple moving average of $9.76 and a 200-day simple moving average of $10.29. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The company has a market cap of $40.89 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, equities analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor during the 4th quarter worth $26,000. Bank of Jackson Hole Trust purchased a new position in Ford Motor during the 4th quarter worth approximately $29,000. Flagship Wealth Advisors LLC acquired a new position in Ford Motor during the fourth quarter valued at $30,000. Kentucky Trust Co purchased a new stake in shares of Ford Motor in the fourth quarter worth approximately $31,000. Finally, Spurstone Advisory Services LLC acquired a new stake in shares of Ford Motor during the fourth quarter worth approximately $31,000. 58.74% of the stock is owned by institutional investors and hedge funds.

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.