Royal Bank of Canada Cuts Ford Motor (NYSE:F) Price Target to $9.00

Ford Motor (NYSE:F) had its target price dropped by stock analysts at Royal Bank of Canada from $10.00 to $9.00 in a report released on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the auto manufacturer’s stock. Royal Bank of Canada’s price objective indicates a potential downside of 3.69% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Bank of America dropped their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday. Wells Fargo & Company decreased their target price on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.96.

Ford Motor Price Performance

Shares of F traded down $0.67 during mid-day trading on Thursday, reaching $9.35. 134,816,220 shares of the company’s stock were exchanged, compared to its average volume of 74,315,000. Ford Motor has a 52-week low of $9.28 and a 52-week high of $14.85. The company has a 50-day simple moving average of $10.14 and a two-hundred day simple moving average of $10.61. The company has a market cap of $37.14 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.96 and a beta of 1.63. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. On average, sell-side analysts predict that Ford Motor will post 1.78 EPS for the current fiscal year.

Institutional Trading of Ford Motor

Several hedge funds and other institutional investors have recently bought and sold shares of F. Meridian Financial Partners LLC increased its position in shares of Ford Motor by 1.1% during the third quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock valued at $903,000 after acquiring an additional 953 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Ford Motor by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock valued at $982,000 after acquiring an additional 969 shares during the last quarter. Pure Financial Advisors LLC raised its position in Ford Motor by 6.6% during the 3rd quarter. Pure Financial Advisors LLC now owns 16,096 shares of the auto manufacturer’s stock valued at $170,000 after purchasing an additional 990 shares during the last quarter. PBMares Wealth Management LLC raised its position in shares of Ford Motor by 9.0% in the 3rd quarter. PBMares Wealth Management LLC now owns 11,976 shares of the auto manufacturer’s stock worth $126,000 after acquiring an additional 991 shares in the last quarter. Finally, Pointe Capital Management LLC grew its stake in shares of Ford Motor by 4.8% in the 3rd quarter. Pointe Capital Management LLC now owns 21,821 shares of the auto manufacturer’s stock worth $230,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

About Ford Motor

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.