Wells Fargo & Company Forecasts Strong Price Appreciation for Ford Motor (NYSE:F) Stock

Ford Motor (NYSE:F) had its price target increased by research analysts at Wells Fargo & Company from $10.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the auto manufacturer’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 22.83% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a research report on Friday, March 27th. UBS Group upped their target price on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Bank of America increased their price target on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.70.

Ford Motor Price Performance

F stock traded up $0.41 during midday trading on Thursday, reaching $14.25. 15,172,613 shares of the company’s stock traded hands, compared to its average volume of 62,181,621. The company has a 50-day simple moving average of $13.82 and a two-hundred day simple moving average of $13.35. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. Ford Motor has a 1-year low of $10.47 and a 1-year high of $17.78. The company has a market cap of $56.80 billion, a price-to-earnings ratio of -9.20, a PEG ratio of 0.31 and a beta of 1.79.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. On average, analysts anticipate that Ford Motor will post 1.64 earnings per share for the current year.

Institutional Trading of Ford Motor

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Ford Motor by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after buying an additional 4,087,699 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Ford Motor by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock worth $1,994,464,000 after acquiring an additional 4,089,779 shares in the last quarter. Geode Capital Management LLC grew its stake in Ford Motor by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after acquiring an additional 1,255,349 shares during the period. Norges Bank acquired a new stake in shares of Ford Motor during the fourth quarter worth about $674,437,000. Finally, Dimensional Fund Advisors LP increased its stake in Ford Motor by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock worth $547,379,000 after purchasing an additional 1,585,557 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Company Profile

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.