Ford Motor (NYSE:F) Upgraded to “Hold” at Wall Street Zen

Ford Motor (NYSE:F) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other equities research analysts have also issued reports about the company. Piper Sandler upped their price target on Ford Motor from $8.50 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 22nd. The Goldman Sachs Group upped their price target on Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Barclays upped their price target on Ford Motor from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. 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. Finally, Wolfe Research upgraded Ford Motor from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.03.

Ford Motor Price Performance

NYSE:F opened at $10.44 on Friday. Ford Motor has a 12 month low of $8.44 and a 12 month high of $14.85. The stock has a 50 day moving average of $10.12 and a two-hundred day moving average of $9.96. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a market cap of $41.50 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 0.61 and a beta of 1.50.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The company had revenue of $40.66 billion during the quarter, compared to analyst estimates of $35.99 billion. During the same period in the previous year, the business earned $0.49 EPS. Ford Motor’s quarterly revenue was down 6.2% on a year-over-year basis. On average, analysts expect that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Ford Motor by 13.8% during the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after purchasing an additional 55,576,478 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Ford Motor by 8.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after purchasing an additional 10,947,527 shares in the last quarter. Geode Capital Management LLC lifted its stake in Ford Motor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock worth $830,662,000 after purchasing an additional 2,089,127 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Ford Motor by 6,915.1% during the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock worth $492,253,000 after purchasing an additional 48,378,444 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 4,925,993 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other 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.