Ford Motor (NYSE:F) Given New $11.00 Price Target at JPMorgan Chase & Co.

Ford Motor (NYSE:F) had its price target reduced by investment analysts at JPMorgan Chase & Co. from $13.00 to $11.00 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the auto manufacturer’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 13.11% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Bank of America cut their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. TD Cowen initiated coverage on shares of Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price target on the stock. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and dropped their target price for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Piper Sandler reduced their price target on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $11.37.

Ford Motor Trading Down 1.8 %

F opened at $9.73 on Thursday. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a 50-day moving average of $9.75 and a 200 day moving average of $10.28. The firm has a market cap of $38.54 billion, a P/E ratio of 6.66, a P/E/G ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, research analysts forecast that Ford Motor will post 1.47 EPS for the current year.

Institutional Investors Weigh In On Ford Motor

Large investors have recently modified their holdings of the business. Mascagni Wealth Management Inc. acquired a new stake in shares of Ford Motor in the 4th quarter worth $87,000. Chancellor Financial Group WB LP acquired a new position in shares of Ford Motor in the 4th quarter valued at about $182,000. Tableaux LLC purchased a new stake in shares of Ford Motor in the fourth quarter worth about $148,000. Northstar Financial Companies Inc. acquired a new stake in Ford Motor during the fourth quarter worth about $154,000. Finally, Wood Tarver Financial Group LLC purchased a new position in Ford Motor during the fourth quarter valued at approximately $31,000. Institutional investors own 58.74% of the company’s stock.

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.