Ford Motor (NYSE:F) Lowered to “Underperform” Rating by Jefferies Financial Group

Ford Motor (NYSE:F) was downgraded by analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research note issued on Monday, MarketBeat.com reports. They presently have a $9.00 target price on the auto manufacturer’s stock, down from their previous target price of $12.00. Jefferies Financial Group’s price objective suggests a potential downside of 13.38% from the stock’s current price.

A number of other brokerages have also recently issued reports on F. Barclays dropped their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Wells Fargo & Company dropped their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $11.83.

Ford Motor Price Performance

NYSE F opened at $10.39 on Monday. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The stock has a market cap of $41.29 billion, a PE ratio of 11.81, a PEG ratio of 1.90 and a beta of 1.62. The firm has a 50-day simple moving average of $10.85 and a 200 day simple moving average of $11.31. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. On average, research analysts forecast that Ford Motor will post 1.81 EPS for the current year.

Institutional Trading of Ford Motor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Family Firm Inc. acquired a new stake in shares of Ford Motor in the 2nd quarter valued at $26,000. Quarry LP bought a new stake in Ford Motor during the 2nd quarter worth about $27,000. Ridgewood Investments LLC bought a new stake in Ford Motor during the 2nd quarter worth about $28,000. Kimelman & Baird LLC acquired a new position in Ford Motor during the 2nd quarter valued at about $30,000. Finally, Reston Wealth Management LLC bought a new position in shares of Ford Motor in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds 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.