Royal Bank of Canada Lowers Ford Motor (NYSE:F) Price Target to $10.00

Ford Motor (NYSE:F) had its price target decreased by Royal Bank of Canada from $13.00 to $10.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “sector perform” rating on the auto manufacturer’s stock. Royal Bank of Canada’s price objective indicates a potential downside of 1.33% from the company’s previous close.

Several other research analysts have also commented on the company. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. The Goldman Sachs Group reduced their price target on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. UBS Group boosted their price target on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Sanford C. Bernstein assumed coverage on Ford Motor in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target for the company. Finally, Evercore ISI raised Ford Motor to a “hold” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.48.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $10.14 on Monday. The stock has a market cap of $40.46 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 0.75 and a beta of 1.62. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The stock has a 50 day moving average price of $12.12 and a 200-day moving average price of $12.33. Ford Motor has a one year low of $9.49 and a one year high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. Ford Motor’s revenue was up 6.3% compared to the same quarter last year. Equities analysts expect that Ford Motor will post 1.94 EPS for the current year.

Insider Transactions at Ford Motor

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the transaction, the director now owns 168,601 shares in the company, valued at $2,038,386.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Ford Motor by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock valued at $71,039,000 after purchasing an additional 59,082 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Ford Motor by 287.4% in the fourth quarter. Cerity Partners LLC now owns 606,057 shares of the auto manufacturer’s stock valued at $7,388,000 after purchasing an additional 449,604 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Ford Motor by 33.1% in the first quarter. Wedmont Private Capital now owns 17,124 shares of the auto manufacturer’s stock valued at $232,000 after purchasing an additional 4,255 shares during the last quarter. Hodges Capital Management Inc. increased its holdings in shares of Ford Motor by 18.3% in the first quarter. Hodges Capital Management Inc. now owns 95,500 shares of the auto manufacturer’s stock valued at $1,268,000 after purchasing an additional 14,750 shares during the last quarter. Finally, Focus Financial Network Inc. ADV acquired a new stake in shares of Ford Motor in the fourth quarter valued at approximately $2,812,000. 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.