Morgan Stanley Raises Ford Motor (NYSE:F) Price Target to $14.00

Ford Motor (NYSE:F) had its target price upped by Morgan Stanley from $11.00 to $14.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the auto manufacturer’s stock. Morgan Stanley’s price objective would indicate a potential upside of 7.16% from the stock’s current price.

F has been the subject of a number of other research reports. The Goldman Sachs Group raised their target price on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. raised their price objective on Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Evercore ISI upped their target price on shares of Ford Motor from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Monday, November 24th. Barclays lifted their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Friday, October 24th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.04.

Ford Motor Price Performance

F opened at $13.07 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $52.06 billion, a P/E ratio of 11.26 and a beta of 1.60. The stock has a 50-day moving average price of $12.74 and a 200-day moving average price of $11.76. Ford Motor has a 12-month low of $8.44 and a 12-month high of $13.97.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The business had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently modified their holdings of the business. Trust Co. of Toledo NA OH purchased a new stake in Ford Motor in the 2nd quarter valued at about $25,000. Corsicana & Co. acquired a new stake in shares of Ford Motor during the third quarter valued at about $25,000. Country Trust Bank purchased a new stake in shares of Ford Motor in the 2nd quarter valued at approximately $27,000. Capital A Wealth Management LLC lifted its holdings in shares of Ford Motor by 990.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 2,279 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its position in shares of Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares during the period. 58.74% of the stock is currently 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.