Ford Motor (NYSE:F)‘s stock had its “overweight” rating reaffirmed by analysts at Morgan Stanley in a research report issued to clients and investors on Monday, AmericanBankingNews.com reports. They currently have a $21.00 price target on the stock, down from their previous price target of $68.00. Morgan Stanley’s price target indicates a potential upside of 22.95% from the stock’s previous close.
The analysts wrote, “We hold a more positive view on the competitiveness of upcoming models from Ford’s main China partner, which we expect will put the company on higher growth trajectory and expect Changan’s SUV is on a path to catch up with Great Wall’s SUV growth pattern, and track Shanghai GM’s 2008-12 volume trajectory.”
Shares of Ford Motor (NYSE:F) opened at 17.08 on Monday. Ford Motor has a one year low of $11.03 and a one year high of $18.02. The stock has a 50-day moving average of $17.14 and a 200-day moving average of $16.57. The company has a market cap of $67.371 billion and a P/E ratio of 12.05.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 24th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.09. The company had revenue of $36.00 billion for the quarter, compared to the consensus estimate of $34.07 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts predict that Ford Motor will post $1.66 earnings per share for the current fiscal year.
A number of other firms have also recently commented on F. Analysts at UBS AG cut their price target on shares of Ford Motor from $22.00 to $20.00 in a research note to investors on Monday, November 25th. They now have a “buy” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Ford Motor in a research note to investors on Monday, November 25th. Finally, analysts at Zacks upgraded shares of Ford Motor from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, November 12th. They now have a $20.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Ford Motor presently has an average rating of “Buy” and an average price target of $19.88.
Ford Motor Company (NYSE:F) operates in the global automotive industry.
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