Ford Motor (NYSE:F) Price Target Lowered to $8.00 at Wells Fargo & Company

Ford Motor (NYSE:F) had its target price dropped by analysts at Wells Fargo & Company from $9.00 to $8.00 in a report released on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the auto manufacturer’s stock. Wells Fargo & Company‘s price target indicates a potential downside of 13.51% from the company’s current price.

Several other analysts have also commented on F. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Bank of America cut their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Finally, Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.04.

Ford Motor Trading Down 0.1 %

Shares of NYSE:F opened at $9.25 on Thursday. Ford Motor has a 1 year low of $9.18 and a 1 year high of $14.85. The stock’s fifty day moving average price is $10.10 and its 200-day moving average price is $10.60. The company has a market cap of $36.76 billion, a P/E ratio of 10.51, a PEG ratio of 1.96 and a beta of 1.63. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Sell-side analysts expect that Ford Motor will post 1.78 earnings per share for the current year.

Institutional Trading of Ford Motor

Several institutional investors have recently made changes to their positions in the business. Algert Global LLC bought a new stake in Ford Motor in the 2nd quarter valued at $214,000. Czech National Bank lifted its position in shares of Ford Motor by 6.5% in the third quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock worth $8,403,000 after buying an additional 48,456 shares in the last quarter. GAMMA Investing LLC boosted its stake in Ford Motor by 19.6% during the third quarter. GAMMA Investing LLC now owns 44,300 shares of the auto manufacturer’s stock valued at $468,000 after buying an additional 7,256 shares during the last quarter. Brookstone Capital Management grew its holdings in Ford Motor by 8.5% during the 3rd quarter. Brookstone Capital Management now owns 955,129 shares of the auto manufacturer’s stock valued at $10,086,000 after buying an additional 75,193 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC bought a new stake in Ford Motor in the 3rd quarter worth approximately $149,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

About Ford Motor

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.