Wells Fargo & Company Issues Pessimistic Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price target cut by equities research analysts at Wells Fargo & Company from $11.00 to $10.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the auto manufacturer’s stock. Wells Fargo & Company‘s price target would suggest a potential downside of 14.42% from the company’s current price.

Several other research firms also recently commented on F. TD Cowen lifted their price objective on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, January 13th. Barclays upped their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Morgan Stanley raised their price target on shares of Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Evercore boosted their price objective on shares of Ford Motor from $12.00 to $14.00 and gave the company an “in-line” rating in a report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and an average price target of $13.22.

Ford Motor Price Performance

Shares of NYSE F opened at $11.69 on Tuesday. The firm has a market cap of $46.62 billion, a P/E ratio of -5.67, a PEG ratio of 0.27 and a beta of 1.70. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.80. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 2.95. The company has a 50 day moving average of $12.99 and a 200 day moving average of $12.93.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.07. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The business had revenue of $45.89 billion for the quarter, compared to the consensus estimate of $41.78 billion. During the same period last year, the business posted $0.39 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. As a group, research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider William Clay Ford, Jr. bought 140,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average cost of $13.82 per share, for a total transaction of $1,934,800.00. Following the completion of the transaction, the insider owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. This trade represents a 3.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Institutional Trading of Ford Motor

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Grove Bank & Trust grew its stake in shares of Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. MV Capital Management Inc. bought a new stake in Ford Motor during the 4th quarter worth approximately $25,000. McMillan Office Inc. purchased a new position in Ford Motor during the fourth quarter valued at approximately $26,000. Olistico Wealth LLC purchased a new position in Ford Motor during the fourth quarter valued at approximately $26,000. Finally, Corsicana & Co. bought a new position in shares of Ford Motor in the third quarter worth approximately $25,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.