Piper Sandler Cuts Ford Motor (NYSE:F) Price Target to $9.00

Ford Motor (NYSE:F) had its target price cut by equities researchers at Piper Sandler from $13.00 to $9.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto manufacturer’s stock. Piper Sandler’s price objective would suggest a potential downside of 10.67% from the company’s current price.

Several other analysts also recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. TD Cowen initiated coverage on Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 price target for the company. Wells Fargo & Company dropped 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. Evercore ISI cut their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Monday, February 10th. Finally, Bank of America lowered their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.50.

Ford Motor Price Performance

Shares of Ford Motor stock traded down $0.10 during trading hours on Thursday, reaching $10.08. 11,172,777 shares of the company’s stock were exchanged, compared to its average volume of 60,884,273. The business has a fifty day moving average of $9.72 and a two-hundred day moving average of $10.31. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $39.93 billion, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. Ford Motor has a 1 year low of $9.06 and a 1 year high of $14.85.

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

Institutional Trading of Ford Motor

A number of hedge funds have recently modified their holdings of F. Empowered Funds LLC lifted its position in Ford Motor by 6.3% during the 3rd quarter. Empowered Funds LLC now owns 94,227 shares of the auto manufacturer’s stock worth $995,000 after acquiring an additional 5,557 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Ford Motor in the 3rd quarter valued at $96,000. Prospera Financial Services Inc boosted its stake in Ford Motor by 12.1% in the third quarter. Prospera Financial Services Inc now owns 186,767 shares of the auto manufacturer’s stock valued at $1,972,000 after acquiring an additional 20,202 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Ford Motor in the third quarter worth $1,373,000. Finally, PNC Financial Services Group Inc. raised its holdings in Ford Motor by 17.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,093,785 shares of the auto manufacturer’s stock worth $11,550,000 after buying an additional 158,960 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.