Wells Fargo & Company Issues Pessimistic Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price objective cut by Wells Fargo & Company from $9.00 to $8.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the auto manufacturer’s stock. Wells Fargo & Company‘s price target would suggest a potential downside of 14.58% from the company’s current price.

Other research analysts also recently issued reports about the company. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Thursday, November 7th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. 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. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Finally, Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $12.04.

Ford Motor Trading Down 6.4 %

F traded down $0.64 on Thursday, hitting $9.37. The company had a trading volume of 74,216,829 shares, compared to its average volume of 71,388,305. Ford Motor has a 12-month low of $9.29 and a 12-month high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The business’s fifty day simple moving average is $10.14 and its 200 day simple moving average is $10.61. The company has a market cap of $37.22 billion, a PE ratio of 10.68, a PEG ratio of 1.96 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that Ford Motor will post 1.78 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new position in shares of Ford Motor during the fourth quarter worth approximately $26,000. Bank of Jackson Hole Trust purchased a new position in Ford Motor during the 4th quarter worth $29,000. Reston Wealth Management LLC acquired a new position in Ford Motor in the third quarter valued at $33,000. Kentucky Trust Co purchased a new stake in shares of Ford Motor in the fourth quarter valued at about $31,000. Finally, Access Investment Management LLC acquired a new stake in shares of Ford Motor during the third quarter worth about $34,000. Institutional investors and hedge funds 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.