Piper Sandler Lowers Ford Motor Price Target to $9.00

Piper Sandler, a financial services firm, has reduced its price target for Ford Motor Company (NYSE:F) from $13.00 to $9.00 in a recent research note published on Thursday. This change signifies a shift in the firm's outlook on Ford's stock, which is now rated as "neutral." The new target price suggests a potential downside of about 10.67% from Ford's current trading price.

In addition to Piper Sandler's actions, various analysts have recently updated their views on Ford Motor. For instance, JPMorgan Chase & Co. decreased their price target for the stock from $14.00 to $13.00 and maintained an "overweight" rating in a report released on February 7th. Meanwhile, TD Cowen initiated their coverage of Ford on March 7th, suggesting a "hold" rating with a price target of $10.00. Wells Fargo lowered their price target from $9.00 to $8.00 with an "underweight" rating as of February 6th, and Evercore ISI dropped their target from $11.00 to $10.00, issuing an "in-line" rating on February 10th. Lastly, Bank of America modified their target from $19.00 to $15.50 while maintaining a "buy" rating in another report on February 6th.

The general consensus among analysts indicates a mix of ratings, with three recommending a sell, eleven a hold, and four a buy. According to data collected by MarketBeat, the average rating for Ford Motor's stock is "Hold," with a consensus price target of approximately $11.50.

Ford Motor Stock Performance

On Thursday, Ford shares traded down $0.10, closing at $10.08. The trading volume for the day was 11,172,777 shares, notably lower than the average trading volume of 60,884,273 shares. The company's fifty-day moving average stands at $9.72, while the two-hundred-day moving average is $10.31. Ford's financial ratios reveal a quick ratio of 1.02 and a current ratio of 1.16, indicative of its liquidity position. Its debt-to-equity ratio is reported at 2.31. Ford Motor has a market capitalization of $39.93 billion and a price-to-earnings (P/E) ratio of 6.90, alongside a price-to-earnings-growth (PEG) ratio of 0.61. Over the past year, Ford's stock has seen a low of $9.06 and a high of $14.85.

Ford Motor recently announced its earnings results on February 5th, which revealed earnings per share (EPS) of $0.39 for the quarter, exceeding analysts' expectations of $0.35 by $0.04. The company reported a net margin of 3.18% and a return on equity of 16.88%. Analysts predict that Ford will report an EPS of 1.47 for the current fiscal year.

Institutional Shareholding in Ford Motor

Several hedge funds have recently adjusted their holdings in Ford Motor. Empowered Funds LLC increased its stake in the company by 6.3% during the third quarter and now holds 94,227 shares valued at $995,000 after adding 5,557 shares. Quest Partners LLC acquired a new stake in Ford, valued at $96,000, during the same period. Prospera Financial Services Inc. raised its holdings by 12.1%, ending the third quarter with 186,767 shares worth $1,972,000 after purchasing an additional 20,202 shares. B. Metzler seel. Sohn & Co. acquired a new stake valued at $1,373,000, while PNC Financial Services Group Inc. boosted its holdings by 17.0%, now owning 1,093,785 shares valued at $11,550,000 after adding 158,960 shares. Currently, institutional investors hold 58.74% of Ford's stock.

About Ford Motor Company

Ford Motor Company is a global automotive manufacturer that develops, produces, and sells a variety of vehicles, including trucks, commercial vehicles, SUVs, and luxury vehicles under the Lincoln brand. The company operates through several segments, including Ford Blue, Ford Model e, Ford Pro, Ford Next, and Ford Credit. Ford distributes its vehicles, parts, and accessories through dealers and distributors, catering to commercial fleet customers and government entities as well.

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