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Research analysts at Morgan Stanley dropped their target price on shares of Ford Motor Company (NYSE:F) from $20.00 to $17.00 in a report released on Wednesday, Analyst Ratings News reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 5.59% from the company’s current price.

The analysts wrote, “vastly improved cars on U.S. shores from 2015.Lightweighting of F-Series pickup applies up-front pressure to North America margins.Jonas believes Ford will outperform broader auto coverage, “which on average has 7% downside to [the analyst’s] price targets.”

Shares of Ford Motor Company (NYSE:F) traded down 1.46% during mid-day trading on Wednesday, hitting $15.865. 31,278,010 shares of the company’s stock traded hands. Ford Motor Company has a 1-year low of $12.65 and a 1-year high of $18.02. The stock has a 50-day moving average of $15.50 and a 200-day moving average of $16.18. The company has a market cap of $62.569 billion and a price-to-earnings ratio of 9.14.

Ford Motor Company (NYSE:F) last announced its earnings results on Tuesday, January 28th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $36.30 billion for the quarter, compared to the consensus estimate of $35.40 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts predict that Ford Motor Company will post $1.35 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on F. Analysts at Nomura initiated coverage on shares of Ford Motor Company in a research note on Tuesday, April 1st. They set a “neutral” rating and a $15.00 price target on the stock. Separately, analysts at Ned Davis Research downgraded shares of Ford Motor Company from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Finally, analysts at Ned Davis Research upgraded shares of Ford Motor Company from a “neutral” rating to a “buy” rating in a research note on Monday, February 24th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.78.

Ford Motor Company (NYSE:F) is a producer of automobiles.

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