Ford Motor (NYSE:F) Stock Price Expected to Rise, BNP Paribas Exane Analyst Says

Ford Motor (NYSE:F) had its price target increased by stock analysts at BNP Paribas Exane from $13.00 to $14.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the auto manufacturer’s stock. BNP Paribas Exane’s price target suggests a potential upside of 1.63% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Morgan Stanley restated an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 13th. Bank of America upped their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. TD Cowen dropped their price objective on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus price target of $14.72.

Ford Motor Stock Down 0.5%

Shares of F traded down $0.07 during trading hours on Tuesday, hitting $13.78. The stock had a trading volume of 25,261,797 shares, compared to its average volume of 61,198,789. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $14.14 and a 200-day simple moving average of $13.38. The firm has a market capitalization of $54.89 billion, a P/E ratio of -8.90, a price-to-earnings-growth ratio of 0.31 and a beta of 1.82. Ford Motor has a 1-year low of $10.68 and a 1-year high of $17.78.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts predict that Ford Motor will post 1.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Ford Motor

Hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in Ford Motor in the 4th quarter valued at $674,437,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Ford Motor during the 4th quarter worth $1,769,000. TD Asset Management Inc raised its stake in shares of Ford Motor by 11.0% during the 4th quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock worth $25,036,000 after purchasing an additional 189,310 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Ford Motor by 2.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock worth $57,008,000 after buying an additional 103,423 shares during the last quarter. Finally, World Investment Advisors grew its position in Ford Motor by 222.5% during the fourth quarter. World Investment Advisors now owns 125,292 shares of the auto manufacturer’s stock valued at $1,644,000 after buying an additional 86,445 shares during the period. 58.74% of the stock is owned by hedge funds and other 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.