JPMorgan Chase & Co. Issues Pessimistic Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $17.00 to $16.00 in a report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the auto manufacturer’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 33.28% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and raised their target price for the company from $14.50 to $17.50 in a research report on Monday, July 27th. Piper Sandler increased their price target on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada increased their price objective on Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, July 29th. Barclays upped their target price on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Finally, Zacks Research lowered Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ford Motor has an average rating of “Hold” and an average target price of $15.36.

Ford Motor Trading Down 1.4%

Shares of F traded down $0.17 during midday trading on Monday, hitting $12.01. The stock had a trading volume of 12,971,043 shares, compared to its average volume of 56,726,629. The firm has a market cap of $47.87 billion, a PE ratio of -6.42, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93. Ford Motor has a 1 year low of $11.11 and a 1 year high of $17.78. The stock’s 50 day moving average is $13.52 and its 200 day moving average is $13.55. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%. The company had revenue of $48.30 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter in the previous year, the business earned $0.37 EPS. Ford Motor’s revenue was down 3.8% compared to the same quarter last year. As a group, analysts forecast that Ford Motor will post 1.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Ford Motor during the 2nd quarter worth about $4,649,131,000. State Street Corp boosted its position in shares of Ford Motor by 0.8% during the 2nd quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock worth $2,697,153,000 after purchasing an additional 1,492,186 shares during the period. Bank of America Corp DE boosted its position in shares of Ford Motor by 318.0% during the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock worth $1,006,703,000 after purchasing an additional 55,100,244 shares during the period. Bank of New York Mellon Corp acquired a new position in Ford Motor during the second quarter worth $717,218,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ford Motor by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock worth $547,379,000 after buying an additional 1,585,557 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.