Barclays Downgrades Ford Motor (NYSE:F) to Equal Weight

Ford Motor (NYSE:F) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday,Briefing.com Automated Import reports. They currently have a $11.00 target price on the auto manufacturer’s stock, down from their previous target price of $13.00. Barclays‘s price target points to a potential upside of 5.32% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft dropped their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.67.

Ford Motor Stock Up 2.6 %

F opened at $10.44 on Wednesday. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The business’s 50-day moving average price is $10.36 and its 200-day moving average price is $10.89. The company has a market cap of $41.51 billion, a P/E ratio of 11.87, a P/E/G ratio of 1.96 and a beta of 1.64.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Ford Motor will post 1.77 EPS for the current year.

Institutional Investors Weigh In On Ford Motor

Hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its position in shares of Ford Motor by 29.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after purchasing an additional 336,720 shares during the last quarter. Principal Financial Group Inc. increased its stake in Ford Motor by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after purchasing an additional 160,409 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new position in Ford Motor in the third quarter worth about $55,456,000. CHURCHILL MANAGEMENT Corp purchased a new position in Ford Motor in the fourth quarter worth about $10,853,000. Finally, ING Groep NV lifted its stake in shares of Ford Motor by 93.4% in the third quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after buying an additional 570,293 shares in the last quarter. 58.74% of the stock is owned by 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.