Barclays Downgrades Ford Motor (NYSE:F) to Equal Weight

Ford Motor (NYSE:F) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Wednesday, MarketBeat reports. They currently have a $11.00 price target on the auto manufacturer’s stock, down from their prior price target of $13.00. Barclays‘s price target would indicate a potential upside of 8.32% from the stock’s current price.

A number of other research analysts have also issued reports on F. Deutsche Bank Aktiengesellschaft dropped their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $11.67.

Ford Motor Stock Up 1.2 %

Shares of NYSE:F opened at $10.16 on Wednesday. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The stock has a market cap of $40.36 billion, a P/E ratio of 11.54, a P/E/G ratio of 2.01 and a beta of 1.64. The firm has a fifty day moving average price of $10.33 and a 200 day moving average price of $10.87.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Sell-side analysts predict that Ford Motor will post 1.77 EPS for the current year.

Hedge Funds Weigh In On Ford Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ensign Peak Advisors Inc boosted its stake in shares of Ford Motor by 40.5% during the second quarter. Ensign Peak Advisors Inc now owns 589,197 shares of the auto manufacturer’s stock valued at $7,389,000 after acquiring an additional 169,725 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Ford Motor by 7.4% in the 2nd quarter. ProShare Advisors LLC now owns 600,449 shares of the auto manufacturer’s stock valued at $7,530,000 after purchasing an additional 41,229 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Ford Motor by 154.2% during the 2nd quarter. 1832 Asset Management L.P. now owns 6,384 shares of the auto manufacturer’s stock worth $80,000 after purchasing an additional 3,873 shares during the last quarter. DRW Securities LLC purchased a new stake in shares of Ford Motor during the second quarter worth about $161,000. Finally, Public Sector Pension Investment Board raised its position in shares of Ford Motor by 76.0% in the second quarter. Public Sector Pension Investment Board now owns 153,112 shares of the auto manufacturer’s stock valued at $1,920,000 after buying an additional 66,123 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Company Profile

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.