Ford Motor (NYSE:F) PT Raised to $17.00 at Royal Bank of Canada

Ford Motor (NYSE:F) had its target price raised by Royal Bank of Canada from $16.00 to $17.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the auto manufacturer’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 9.61% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Credit Suisse Group raised shares of Ford Motor from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $15.00 to $20.00 in a report on Wednesday, October 20th. Bank of America raised their price target on shares of Ford Motor from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, July 16th. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Tuesday, July 6th. Benchmark raised their target price on shares of Ford Motor from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $20.00 target price on shares of Ford Motor in a research report on Wednesday, October 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $16.39.

F stock opened at $15.51 on Thursday. The firm has a market cap of $61.96 billion, a P/E ratio of 18.25, a P/E/G ratio of 0.35 and a beta of 1.14. Ford Motor has a 52 week low of $7.61 and a 52 week high of $16.70. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.05 and a current ratio of 1.21. The firm’s fifty day moving average is $13.76 and its 200 day moving average is $13.65.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Tuesday, October 26th. The auto manufacturer reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.24. The business had revenue of $33.21 billion for the quarter, compared to analyst estimates of $32.79 billion. Ford Motor had a net margin of 2.50% and a return on equity of 24.26%. The company’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. As a group, analysts forecast that Ford Motor will post 1.61 EPS for the current year.

In other Ford Motor news, insider Stuart J. Rowley sold 15,000 shares of Ford Motor stock in a transaction dated Friday, October 15th. The shares were sold at an average price of $16.00, for a total value of $240,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Selective Wealth Management Inc. grew its stake in shares of Ford Motor by 24.6% in the third quarter. Selective Wealth Management Inc. now owns 15,173 shares of the auto manufacturer’s stock worth $215,000 after acquiring an additional 3,000 shares during the period. Thoroughbred Financial Services LLC grew its stake in shares of Ford Motor by 20.3% in the third quarter. Thoroughbred Financial Services LLC now owns 19,570 shares of the auto manufacturer’s stock worth $277,000 after acquiring an additional 3,300 shares during the period. Moloney Securities Asset Management LLC grew its stake in shares of Ford Motor by 18.8% in the third quarter. Moloney Securities Asset Management LLC now owns 27,259 shares of the auto manufacturer’s stock worth $386,000 after acquiring an additional 4,305 shares during the period. Center for Financial Planning Inc. grew its stake in shares of Ford Motor by 1.4% in the third quarter. Center for Financial Planning Inc. now owns 80,887 shares of the auto manufacturer’s stock worth $1,145,000 after acquiring an additional 1,096 shares during the period. Finally, Carret Asset Management LLC grew its stake in shares of Ford Motor by 4.0% in the third quarter. Carret Asset Management LLC now owns 43,415 shares of the auto manufacturer’s stock worth $615,000 after acquiring an additional 1,662 shares during the period. 50.86% of the stock is owned by institutional investors and hedge funds.

About Ford Motor

Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following three segments: Automotive, Mobility, and Ford Credit. The Automotive segment engages in developing, manufacturing, marketing and servicing of Ford cars, Lincoln vehicles. The Mobility segment includes Ford Smart Mobility LLC and autonomous vehicles business.

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Analyst Recommendations for Ford Motor (NYSE:F)

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