Piper Sandler Has Lowered Expectations for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price target decreased by equities researchers at Piper Sandler from $13.00 to $9.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the auto manufacturer’s stock. Piper Sandler’s target price points to a potential downside of 10.40% from the company’s current price.

F has been the topic of several other research reports. TD Cowen assumed coverage on Ford Motor in a report on Friday, March 7th. They issued a “hold” rating and a $10.00 price target on the stock. Royal Bank of Canada cut their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Evercore ISI dropped their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Finally, Wells Fargo & Company dropped their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.50.

Ford Motor Trading Up 0.3 %

NYSE F opened at $10.05 on Thursday. The business has a 50 day simple moving average of $9.73 and a 200 day simple moving average of $10.30. Ford Motor has a one year low of $9.06 and a one year high of $14.85. The stock has a market capitalization of $39.81 billion, a P/E ratio of 6.88, a P/E/G ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

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

Institutional Trading of Ford Motor

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock valued at $3,980,630,000 after purchasing an additional 57,182,803 shares during the period. Norges Bank bought a new stake in shares of Ford Motor during the 4th quarter valued at $387,282,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Ford Motor by 88.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer’s stock valued at $222,872,000 after purchasing an additional 10,535,335 shares during the period. Voloridge Investment Management LLC raised its stake in shares of Ford Motor by 2,905.1% during the 4th quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer’s stock valued at $79,096,000 after purchasing an additional 7,723,601 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of 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. 58.74% of the stock is currently owned by institutional investors.

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.