Ford Motor (NYSE:F) Cut to “Market Perform” at Sanford C. Bernstein

Ford Motor (NYSE:F) was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, Briefing.com reports. They presently have a $11.00 price objective on the auto manufacturer’s stock. Sanford C. Bernstein’s target price would suggest a potential downside of 1.70% from the company’s current price.

Other analysts have also issued research reports about the stock. Evercore ISI raised shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Barclays lowered their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, Wolfe Research started coverage on Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $12.02.

Ford Motor Price Performance

Ford Motor stock opened at $11.19 on Thursday. The business has a 50 day simple moving average of $10.77 and a 200 day simple moving average of $11.59. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The company has a market capitalization of $44.48 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.88 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. On average, sell-side analysts forecast that Ford Motor will post 1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors have recently made changes to their positions in F. Olistico Wealth LLC acquired a new position in shares of Ford Motor in the second quarter valued at about $25,000. Family Firm Inc. bought a new position in shares of Ford Motor during the second quarter worth approximately $26,000. Quarry LP bought a new stake in shares of Ford Motor in the second quarter valued at approximately $27,000. Ridgewood Investments LLC acquired a new stake in Ford Motor during the second quarter worth approximately $28,000. Finally, Kimelman & Baird LLC acquired a new position in Ford Motor in the 2nd quarter valued at $30,000. Institutional investors 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.