Royal Bank of Canada Issues Pessimistic Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its target price dropped by equities research analysts at Royal Bank of Canada from $10.00 to $9.00 in a report released on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the auto manufacturer’s stock. Royal Bank of Canada’s price target would indicate a potential downside of 2.70% from the stock’s previous close.

A number of other research firms have also issued reports on F. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Finally, Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.04.

Ford Motor Price Performance

F opened at $9.25 on Thursday. The stock’s 50-day moving average price is $10.10 and its 200 day moving average price is $10.60. Ford Motor has a 12-month low of $9.18 and a 12-month high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The firm has a market cap of $36.76 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 1.96 and a beta of 1.63.

Ford Motor (NYSE:F) last posted its 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 16.16% and a net margin of 1.93%. As a group, sell-side analysts expect that Ford Motor will post 1.78 earnings per share for the current year.

Institutional Trading of Ford Motor

A number of hedge funds have recently added to or reduced their stakes in the stock. Hager Investment Management Services LLC acquired a new stake in shares of Ford Motor in the 4th quarter valued at approximately $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Ford Motor in the 4th quarter valued at approximately $29,000. Kentucky Trust Co acquired a new stake in shares of Ford Motor in the 4th quarter valued at approximately $31,000. Reston Wealth Management LLC acquired a new stake in shares of Ford Motor in the 3rd quarter valued at approximately $33,000. Finally, Crewe Advisors LLC lifted its holdings in shares of Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 2,068 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

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.