Citigroup Issues Positive Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price target lifted by Citigroup from $13.00 to $19.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the auto manufacturer’s stock. Citigroup’s target price would indicate a potential upside of 13.74% from the stock’s current price.

Other research analysts have also issued reports about the company. Bank of America lifted their target price on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday. Zacks Research lowered Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. UBS Group cut their price target on Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen lowered Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, The Goldman Sachs Group cut their target price on Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.20.

Ford Motor Stock Performance

Shares of F traded down $0.74 during trading hours on Monday, reaching $16.71. 72,465,986 shares of the company’s stock traded hands, compared to its average volume of 63,496,484. The firm has a market capitalization of $66.56 billion, a price-to-earnings ratio of -10.75, a P/E/G ratio of 0.38 and a beta of 1.79. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. Ford Motor has a twelve month low of $9.88 and a twelve month high of $17.78. The business’s fifty day simple moving average is $12.72 and its two-hundred day simple moving average is $13.13.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. The company had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. Analysts predict that Ford Motor will post 1.61 earnings per share for the current year.

Institutional Trading of Ford Motor

Institutional investors have recently modified their holdings of the stock. Maripau Wealth Management LLC boosted its position in Ford Motor by 1.6% during the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock worth $538,000 after acquiring an additional 749 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its position in Ford Motor by 7.4% during the first quarter. Summit Financial Wealth Advisors LLC now owns 11,727 shares of the auto manufacturer’s stock worth $135,000 after acquiring an additional 806 shares during the last quarter. Axiom Investment Management LLC acquired a new position in Ford Motor during the first quarter worth about $157,000. Summitry LLC boosted its position in Ford Motor by 84.1% during the first quarter. Summitry LLC now owns 25,977 shares of the auto manufacturer’s stock worth $300,000 after acquiring an additional 11,867 shares during the last quarter. Finally, WNY Asset Management LLC acquired a new position in Ford Motor during the first quarter worth about $417,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.