Citigroup Raises Ford Motor (NYSE:F) Price Target to $18.00

Ford Motor (NYSE:F) had its price target raised by research analysts at Citigroup from $16.00 to $18.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the auto manufacturer’s stock. Citigroup’s price target points to a potential upside of 44.06% from the stock’s previous close.

Several other brokerages also recently issued reports on F. Barclays increased their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Piper Sandler began coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target for the company. UBS Group boosted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Redburn Atlantic initiated coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target on the stock. Finally, Royal Bank of Canada increased their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.15.

Ford Motor Price Performance

Shares of F traded up $0.29 during trading hours on Thursday, hitting $12.50. The stock had a trading volume of 46,621,891 shares, compared to its average volume of 54,298,125. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The stock has a market capitalization of $49.65 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 0.82 and a beta of 1.61. The company’s fifty day moving average is $12.63 and its two-hundred day moving average is $11.80. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. During the same period last year, the company earned $0.63 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts anticipate that Ford Motor will post 1.94 EPS for the current year.

Insider Activity

In related news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds have recently added to or reduced their stakes in F. Pinnacle Associates Ltd. raised its holdings in shares of Ford Motor by 2.6% during the first quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock valued at $432,000 after purchasing an additional 817 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Ford Motor by 29.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock valued at $44,000 after purchasing an additional 828 shares during the period. Legacy Wealth Asset Management LLC increased its position in shares of Ford Motor by 1.7% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock valued at $650,000 after purchasing an additional 836 shares during the last quarter. First United Bank & Trust lifted its stake in shares of Ford Motor by 5.4% in the 4th quarter. First United Bank & Trust now owns 16,486 shares of the auto manufacturer’s stock worth $201,000 after purchasing an additional 850 shares during the period. Finally, Lee Financial Co boosted its holdings in shares of Ford Motor by 3.6% in the fourth quarter. Lee Financial Co now owns 24,836 shares of the auto manufacturer’s stock worth $303,000 after buying an additional 854 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

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.