Wells Fargo & Company Lowers Ford Motor (NYSE:F) Price Target to $10.00

Ford Motor (NYSE:F) had its price objective lowered by equities research analysts at Wells Fargo & Company from $11.00 to $10.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the auto manufacturer’s stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 12.24% from the company’s previous close.

F has been the topic of a number of other reports. TD Cowen lifted their price objective on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, January 13th. Morgan Stanley boosted their price target on shares of Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Bank of America began coverage on shares of Ford Motor in a research report on Wednesday, March 4th. They set a “buy” rating and a $17.00 price objective for the company. Evercore lifted their target price on shares of Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a research note on Monday, December 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.22.

Ford Motor Trading Up 1.7%

Shares of F stock traded up $0.19 during trading hours on Tuesday, hitting $11.40. 5,467,229 shares of the company’s stock traded hands, compared to its average volume of 65,179,047. The stock has a market cap of $45.46 billion, a PE ratio of -5.54, a price-to-earnings-growth ratio of 0.26 and a beta of 1.65. The stock’s 50 day simple moving average is $13.07 and its 200 day simple moving average is $12.94. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 2.95. Ford Motor has a 12 month low of $8.44 and a 12 month high of $14.80.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.07. The company had revenue of $45.89 billion for the quarter, compared to analysts’ expectations of $41.78 billion. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. Ford Motor’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, sell-side analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Insider Transactions at Ford Motor

In related news, insider William Clay Ford, Jr. bought 140,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the completion of the purchase, the insider directly owned 3,912,600 shares in the company, valued at $54,072,132. The trade was a 3.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Corsicana & Co. acquired a new stake in shares of Ford Motor in the 3rd quarter valued at about $25,000. Grove Bank & Trust grew its stake in Ford Motor by 110.7% in the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. MV Capital Management Inc. bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $25,000. Olistico Wealth LLC acquired a new position in shares of Ford Motor during the fourth quarter worth approximately $26,000. Finally, McMillan Office Inc. acquired a new position in shares of Ford Motor during the fourth quarter worth approximately $26,000. 58.74% of the stock is owned by institutional investors.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.