UBS Group Cuts Ford Motor (NYSE:F) Price Target to $9.00

Ford Motor (NYSE:F) had its price target decreased by UBS Group from $10.00 to $9.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto manufacturer’s stock. UBS Group’s price target points to a potential downside of 1.66% from the company’s previous close.

F has been the topic of a number of other reports. BNP Paribas raised shares of Ford Motor to a “hold” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lowered their target price on shares of Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Bank of America cut their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. TD Cowen initiated coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 target price on the stock. Finally, Wells Fargo & Company cut their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and an average target price of $10.50.

Ford Motor Stock Down 3.7 %

Shares of NYSE F traded down $0.35 during mid-day trading on Thursday, reaching $9.15. 105,512,631 shares of the company’s stock were exchanged, compared to its average volume of 69,378,240. The business has a fifty day simple moving average of $9.61 and a 200 day simple moving average of $10.19. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.85. The firm has a market capitalization of $36.27 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 0.61 and a beta of 1.41. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, equities analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in F. Geode Capital Management LLC increased its holdings in Ford Motor by 1.7% during the third quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer’s stock valued at $863,009,000 after buying an additional 1,336,676 shares during the period. Sunbelt Securities Inc. boosted its position in Ford Motor by 21.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 40,674 shares of the auto manufacturer’s stock worth $430,000 after purchasing an additional 7,175 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Ford Motor during the 3rd quarter valued at about $1,045,000. Sculati Wealth Management LLC grew its stake in Ford Motor by 4.7% in the 3rd quarter. Sculati Wealth Management LLC now owns 37,774 shares of the auto manufacturer’s stock valued at $399,000 after acquiring an additional 1,709 shares during the period. Finally, World Investment Advisors LLC raised its position in Ford Motor by 31.8% during the third quarter. World Investment Advisors LLC now owns 33,168 shares of the auto manufacturer’s stock worth $350,000 after acquiring an additional 8,000 shares during the period. Institutional investors 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.