Ford Motor (NYSE:F) Price Target Raised to $13.00 at Royal Bank of Canada

Ford Motor (NYSE:F) had its price target hoisted by equities researchers at Royal Bank of Canada from $12.00 to $13.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “sector perform” rating on the auto manufacturer’s stock. Royal Bank of Canada’s target price indicates a potential upside of 1.80% from the stock’s current price.

A number of other research firms also recently issued reports on F. Morgan Stanley upped their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Barclays increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. UBS Group lifted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday. Citigroup upped their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Redburn Atlantic initiated coverage on Ford Motor in a research report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target on the stock. One equities research 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’s stock. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus target price of $14.02.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $12.77 on Thursday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $12.62 and a 200 day simple moving average of $11.79. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42. The firm has a market cap of $50.74 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.01 and a beta of 1.63.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. During the same period last year, the firm earned $0.63 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side analysts predict that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Ford Motor

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

Institutional Trading of Ford Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in F. Sequoia Financial Advisors LLC boosted its position in Ford Motor by 15.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after purchasing an additional 44,581 shares during the last quarter. Pearl River Capital LLC grew its stake in shares of Ford Motor by 174.2% in the third quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock valued at $4,125,000 after buying an additional 211,037 shares in the last quarter. TIAA Trust National Association bought a new position in shares of Ford Motor in the third quarter valued at $1,104,000. Mackenzie Financial Corp increased its holdings in Ford Motor by 110.5% during the third quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock worth $8,460,000 after buying an additional 367,977 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its position in Ford Motor by 616.0% during the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock worth $3,738,000 after acquiring an additional 258,920 shares in the last quarter. 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.