Ford Motor (NYSE:F) Price Target Cut to $11.00 by Analysts at JPMorgan Chase & Co.

Ford Motor (NYSE:F) had its price objective reduced by analysts at JPMorgan Chase & Co. from $13.00 to $11.00 in a research report issued on Thursday,Briefing.com Automated Import reports. The brokerage currently has an “overweight” rating on the auto manufacturer’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 6.61% from the company’s previous close.

F has been the topic of several other research reports. Bank of America dropped their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and lowered their target price for the company from $12.00 to $9.00 in a report on Monday, December 16th. Royal Bank of Canada reduced their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Finally, TD Cowen started coverage on Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 target price for the company. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.37.

Ford Motor Trading Up 0.3 %

Shares of NYSE F opened at $10.32 on Thursday. The business has a 50 day simple moving average of $9.76 and a 200 day simple moving average of $10.29. Ford Motor has a 52 week low of $9.06 and a 52 week high of $14.85. The stock has a market cap of $40.89 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping 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%. On average, research analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Ford Motor by 16.6% during the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock worth $3,980,630,000 after acquiring an additional 57,182,803 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock valued at $1,278,153,000 after purchasing an additional 6,497,321 shares during the period. Geode Capital Management LLC grew its position in shares of Ford Motor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock worth $830,662,000 after buying an additional 2,089,127 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Ford Motor by 11.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer’s stock worth $460,444,000 after buying an additional 4,925,993 shares during the last quarter. Finally, Norges Bank acquired a new position in Ford Motor in the fourth quarter valued at approximately $387,282,000. 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.