Royal Bank of Canada Has Lowered Expectations for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price target decreased by equities research analysts at Royal Bank of Canada from $10.00 to $9.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the auto manufacturer’s stock. Royal Bank of Canada’s price objective points to a potential downside of 2.70% from the stock’s previous close.

A number of other equities research analysts have also weighed in on F. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Wells Fargo & Company dropped their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research note on Thursday, November 7th. Bank of America decreased their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday. Finally, Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $12.04.

Ford Motor Price Performance

Shares of F stock opened at $9.25 on Thursday. Ford Motor has a 1-year low of $9.18 and a 1-year high of $14.85. The stock’s 50-day moving average is $10.10 and its 200 day moving average is $10.60. The company has a market cap of $36.76 billion, a P/E ratio of 10.51, a PEG ratio of 1.96 and a beta of 1.63. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Research analysts predict that Ford Motor will post 1.78 earnings per share for the current fiscal year.

Institutional Trading of Ford Motor

Several large investors have recently added to or reduced their stakes in F. Algert Global LLC purchased a new stake in Ford Motor in the 2nd quarter valued at $214,000. Czech National Bank lifted its stake in shares of Ford Motor by 6.5% in the 3rd quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock valued at $8,403,000 after purchasing an additional 48,456 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Ford Motor by 19.6% in the 3rd quarter. GAMMA Investing LLC now owns 44,300 shares of the auto manufacturer’s stock valued at $468,000 after purchasing an additional 7,256 shares during the last quarter. Brookstone Capital Management lifted its stake in shares of Ford Motor by 8.5% in the 3rd quarter. Brookstone Capital Management now owns 955,129 shares of the auto manufacturer’s stock valued at $10,086,000 after purchasing an additional 75,193 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC acquired a new position in shares of Ford Motor in the 3rd quarter valued at $149,000. 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.