Piper Sandler Forecasts Strong Price Appreciation for Ford Motor (NYSE:F) Stock

Ford Motor (NYSE:F) had its target price hoisted by equities research analysts at Piper Sandler from $8.50 to $9.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the auto manufacturer’s stock. Piper Sandler’s price objective would indicate a potential downside of 13.13% from the stock’s current price.

Several other equities analysts also recently commented on F. TD Cowen began coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of Ford Motor from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Bank of America cut their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Sanford C. Bernstein cut shares of Ford Motor from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.03.

Ford Motor Trading Down 0.8%

F stock opened at $10.36 on Thursday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The company’s 50-day simple moving average is $9.98 and its 200 day simple moving average is $10.06. Ford Motor has a 52 week low of $8.44 and a 52 week high of $14.85. The company has a market capitalization of $41.20 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS 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 business had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. During the same period in the prior year, the company posted $0.49 earnings per share. Ford Motor’s revenue was down 6.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Atlas Capital Advisors Inc. increased its holdings in Ford Motor by 21.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock worth $57,000 after acquiring an additional 989 shares during the last quarter. Albion Financial Group UT increased its holdings in Ford Motor by 38.5% in the 4th quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock worth $36,000 after acquiring an additional 1,000 shares during the last quarter. Brighton Jones LLC increased its holdings in Ford Motor by 5.4% in the 4th quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock worth $195,000 after acquiring an additional 1,001 shares during the last quarter. Angeles Wealth Management LLC increased its holdings in Ford Motor by 1.3% in the 4th quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock worth $799,000 after acquiring an additional 1,024 shares during the last quarter. Finally, Kovack Advisors Inc. increased its holdings in Ford Motor by 1.7% in the 1st quarter. Kovack Advisors Inc. now owns 62,199 shares of the auto manufacturer’s stock worth $624,000 after acquiring an additional 1,035 shares during the last quarter. 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.