Ford Motor (NYSE:F) Upgraded at Wolfe Research

Ford Motor (NYSE:F) was upgraded by equities researchers at Wolfe Research from an “underperform” rating to a “peer perform” rating in a note issued to investors on Wednesday, MarketBeat reports.

A number of other equities research analysts have also issued reports on F. BNP Paribas raised Ford Motor to a “hold” rating in a research note on Monday, February 10th. Sanford C. Bernstein downgraded Ford Motor from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. TD Cowen initiated coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 target price for the company. Citigroup assumed coverage on shares of Ford Motor in a report on Wednesday, April 23rd. They issued a “neutral” rating and a $10.00 target price on the stock. Finally, Wells Fargo & Company cut their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.83.

Ford Motor Trading Up 1.9 %

Shares of F stock opened at $10.20 on Wednesday. The stock has a market cap of $40.42 billion, a P/E ratio of 6.98, a P/E/G ratio of 0.61 and a beta of 1.41. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. Ford Motor has a fifty-two week low of $8.44 and a fifty-two week high of $14.85. The business has a fifty day simple moving average of $9.70 and a 200-day simple moving average of $10.09.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ford Motor

A number of large investors have recently modified their holdings of F. Grove Bank & Trust grew its holdings in shares of Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,882 shares during the period. Hager Investment Management Services LLC acquired a new position in Ford Motor during the fourth quarter valued at approximately $26,000. Elite Financial Inc. purchased a new stake in Ford Motor during the first quarter worth approximately $27,000. Olde Wealth Management LLC acquired a new stake in shares of Ford Motor in the first quarter worth $28,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Ford Motor in the 4th quarter valued at $29,000. 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.