Ford Motor (NYSE:F) Price Target Increased to $18.00 by Analysts at Citigroup

Ford Motor (NYSE:F) had its price objective boosted by Citigroup from $16.00 to $18.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the auto manufacturer’s stock. Citigroup’s target price suggests a potential upside of 44.81% from the stock’s previous close.

A number of other analysts also recently weighed in on F. Royal Bank of Canada lifted their price target on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Redburn Atlantic initiated coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target on the stock. Morgan Stanley lifted their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Piper Sandler initiated coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. Finally, UBS Group lifted their price target on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $13.74.

Ford Motor Stock Performance

Shares of NYSE:F traded down $0.06 during trading on Thursday, reaching $12.43. The company had a trading volume of 47,463,317 shares, compared to its average volume of 54,173,800. The firm has a market capitalization of $49.39 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The stock’s fifty day moving average price is $12.64 and its 200 day moving average price is $11.80. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. As a group, equities research analysts predict that Ford Motor will post 1.94 EPS for the current year.

Insider Transactions at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Ford Motor

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Ford Motor during the fourth quarter worth about $475,899,000. Coatue Management LLC acquired a new stake in Ford Motor during the fourth quarter worth about $149,152,000. Newport Trust Company LLC increased its stake in Ford Motor by 4.5% during the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after acquiring an additional 6,667,808 shares during the last quarter. Fisher Asset Management LLC increased its stake in Ford Motor by 6.3% during the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after acquiring an additional 3,522,965 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Ford Motor by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock worth $1,085,406,000 after buying an additional 2,657,650 shares during the period. 58.74% of the stock is currently 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.