Ford Motor (NYSE:F) Trading Up 3.5% on Analyst Upgrade

Ford Motor Company (NYSE:F) traded up 3.5% on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $14.00 to $15.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ford Motor traded as high as $13.77 and last traded at $13.75. 58,041,502 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 66,309,250 shares. The stock had previously closed at $13.28.

A number of other brokerages have also issued reports on F. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. TD Cowen increased their price objective on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, January 13th. HSBC lifted their target price on shares of Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a research note on Tuesday, January 13th. Citigroup increased their target price on shares of Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research report on Monday, October 27th. Finally, UBS Group raised their price target on shares of Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.12.

Hedge Funds Weigh In On Ford Motor

Several hedge funds have recently added to or reduced their stakes in the business. Caxton Associates LLP purchased a new position in shares of Ford Motor during the 1st quarter worth approximately $304,000. Empowered Funds LLC grew its holdings in Ford Motor by 41.6% during the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after buying an additional 43,385 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Ford Motor by 11.8% during the second quarter. Assenagon Asset Management S.A. now owns 52,719 shares of the auto manufacturer’s stock worth $572,000 after buying an additional 5,559 shares in the last quarter. Farther Finance Advisors LLC increased its position in Ford Motor by 29.0% during the second quarter. Farther Finance Advisors LLC now owns 87,551 shares of the auto manufacturer’s stock worth $950,000 after buying an additional 19,676 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of Ford Motor by 1.2% in the second quarter. Park Avenue Securities LLC now owns 105,172 shares of the auto manufacturer’s stock worth $1,141,000 after acquiring an additional 1,296 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Price Performance

The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. The company has a 50-day moving average price of $13.38 and a 200-day moving average price of $12.40. The firm has a market capitalization of $54.67 billion, a PE ratio of 11.83 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The firm had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. During the same quarter last year, the business posted $0.49 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.