TD Cowen Initiates Coverage on Ford Motor (NYSE:F)

TD Cowen started coverage on shares of Ford Motor (NYSE:F) in a note issued to investors on Friday, Marketbeat reports. The brokerage set a “hold” rating and a $10.00 price target on the auto manufacturer’s stock. TD Cowen’s price target indicates a potential upside of 0.96% from the company’s previous close.

A number of other analysts also recently issued reports on F. BNP Paribas raised shares of Ford Motor to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Royal Bank of Canada lowered their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Finally, Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.77.

Ford Motor Stock Up 3.1 %

F stock opened at $9.91 on Friday. The firm’s fifty day simple moving average is $9.72 and its 200-day simple moving average is $10.38. The company has a market capitalization of $39.26 billion, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating 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 forecast that Ford Motor will post 1.47 earnings per share for the current year.

Hedge Funds Weigh In On Ford Motor

Hedge funds and other institutional investors have recently modified their holdings of the business. Apollon Wealth Management LLC grew its stake in shares of Ford Motor by 1.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock worth $982,000 after purchasing an additional 969 shares during the period. Albion Financial Group UT grew its stake in shares of Ford Motor by 38.5% during the 4th quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock worth $36,000 after purchasing an additional 1,000 shares during the period. Brighton Jones LLC grew its stake in Ford Motor by 5.4% in the 4th quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock valued at $195,000 after acquiring an additional 1,001 shares during the last quarter. Angeles Wealth Management LLC grew its stake in Ford Motor by 1.3% in the 4th quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock valued at $799,000 after acquiring an additional 1,024 shares during the last quarter. Finally, Klingman & Associates LLC grew its stake in Ford Motor by 3.4% in the 3rd quarter. Klingman & Associates LLC now owns 30,923 shares of the auto manufacturer’s stock valued at $327,000 after acquiring an additional 1,025 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

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.