On October 1, 2024, Goldman Sachs bestowed Ford Motor (NYSE:F) with an upgraded status from Neutral to Buy. This shift in sentiment comes at a pivotal moment for the illustrious automaker, potentially heralding a new era of growth and prosperity.
Analysts Predict a 19.79% Upside
Recent prognostications point to an average one-year price target for Ford Motor at $12.88 per share. The price targets fluctuate between a conservative low of $9.09 and an ambitious high of $21.00. This upswing offers investors a tantalizing 19.79% increase from Ford’s current share price of $10.75.
Financial Outlook and Shareholder Trends
Despite a projected 11.21% decline in annual revenue for Ford Motor, the non-GAAP EPS is anticipated to stand strong at 1.82.
Delving into shareholder sentiment, we witness a nuanced narrative unfold. The number of funds or institutions reporting positions in Ford Motor dwindled by 47 contributors, equivalent to a 1.98% decrease in the last quarter. Astonishingly, the average portfolio weight dedicated to F ascended by 9.23%. Institutional ownership also experienced a marginal 0.96% uptick to 2,322,596K shares.
The Tale of Ford’s Shareholders
Newport Trust, a stalwart shareholder, saw its ownership stake in Ford Motor dip marginally to 3.95%. Meanwhile, VTSMX and Charles Schwab Investment Management displayed contrasting moves in their Ford Motor allocations, showcasing the dynamic nature of institutional investing.
Ford Motor Company: An Overview
Ford Motor Company, headquartered in Dearborn, Michigan, stands as a global titan in vehicle manufacturing and financial services. With a comprehensive lineup of cars, trucks, SUVs, electrified vehicles, and luxury offerings under the Lincoln brand, Ford is steering towards a future rooted in electrification, mobility solutions, and connected services. Employing a vast workforce of around 187,000 individuals globally, Ford’s footprint in the automotive industry is both deep and enduring.
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