Piper Sandler Lowers Ford Motor (NYSE:F) Price Target to $9.00

Ford Motor (NYSE:F) had its target price decreased by research analysts at Piper Sandler from $13.00 to $9.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the auto manufacturer’s stock. Piper Sandler’s target price would indicate a potential downside of 10.40% from the company’s current price.

F has been the subject of a number of other reports. TD Cowen started coverage on Ford Motor in a research report on Friday, March 7th. They set a “hold” rating and a $10.00 target price for the company. Royal Bank of Canada dropped their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company dropped their price objective on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Evercore ISI dropped their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Finally, Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average target price of $11.50.

Ford Motor Stock Performance

NYSE:F opened at $10.05 on Thursday. The stock has a fifty day moving average price of $9.73 and a 200-day moving average price of $10.30. The company has a market cap of $39.81 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a fifty-two week low of $9.06 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F) last released its earnings results 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 16.88% and a net margin of 3.18%. As a group, equities analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

Several institutional investors and hedge funds have recently made changes to their positions in F. Hager Investment Management Services LLC acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust acquired a new stake in Ford Motor during the fourth quarter worth approximately $29,000. Flagship Wealth Advisors LLC acquired a new stake in Ford Motor during the fourth quarter worth approximately $30,000. Kentucky Trust Co acquired a new stake in Ford Motor during the fourth quarter worth approximately $31,000. Finally, Spurstone Advisory Services LLC acquired a new stake in Ford Motor during the fourth quarter worth approximately $31,000. 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.