Investment analysts at Piper Sandler recently raised their price target for Ford Motor Company from $9.00 to $9.50, maintaining a “neutral” rating for the stock. However, this new target indicates a potential downside of 12.04% from the current trading price, which was reported at $10.80 after a decline of $0.27 during midday trading.
Several other brokerages have updated their opinions on Ford’s stock. Citigroup lifted its target from $10.00 to $11.00 while also giving a “neutral” rating. Wall Street Zen upgraded Ford from a “sell” to a “hold” rating. Conversely, Sanford C. Bernstein downgraded the stock from “market perform” to “underperform,” reducing its price target to $7.00. Overall, the consensus among analysts shows that 13 have rated Ford as a hold, two as a buy, and three as a sell, resulting in an average rating of “hold” and a price target of approximately $10.40.
In terms of stock performance, Ford’s price has fluctuated over the past year, with a low of $8.44 and a high of $11.97. The company reported earnings of $0.37 per share in its last quarterly earnings, surpassing expectations and showcasing a 5% year-over-year revenue increase to $50.18 billion.
Recent insider trading activity includes a notable sale by Andrew Frick, who sold 30,000 shares for $330,000, resulting in a reduction of his shareholding by over 20%. Institutional investors have been actively adjusting their positions in Ford, with a mix of increases and new stakes showing continued interest from the financial community.
Ford Motor Company is focused on delivering a wide range of vehicles globally, including Ford trucks, SUVs, and Lincoln luxury cars, as well as providing various services through its Ford Blue, Ford Model e, and Ford Pro divisions.
The current trading climate for Ford suggests that while some analysts foresee challenges, the company’s operational results and strategic adjustments may foster resilience and opportunities in the future. This positive outlook can provide hope for investors as Ford continues to adapt in a competitive market.