JPMorgan Chase & Co. Issues Pessimistic Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price objective cut by research analysts at JPMorgan Chase & Co. from $13.00 to $11.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the auto manufacturer’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 13.11% from the company’s previous close.

A number of other research analysts also recently weighed in on F. Piper Sandler lowered their target price on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. BNP Paribas raised shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Evercore ISI dropped their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Bank of America reduced their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, TD Cowen initiated coverage on shares of Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus target price of $11.37.

Ford Motor Stock Performance

Shares of F stock opened at $9.73 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The company has a 50 day moving average price of $9.75 and a 200-day moving average price of $10.28. Ford Motor has a 52 week low of $9.06 and a 52 week high of $14.85. The firm has a market capitalization of $38.54 billion, a PE ratio of 6.66, a P/E/G ratio of 0.61 and a beta of 1.59.

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

Institutional Investors Weigh In On Ford Motor

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor in the fourth quarter worth about $26,000. Bank of Jackson Hole Trust purchased a new position in Ford Motor during the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC bought a new stake in Ford Motor in the 4th quarter worth approximately $30,000. Kentucky Trust Co purchased a new stake in shares of Ford Motor during the 4th quarter worth approximately $31,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of Ford Motor during the 4th 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.