Analyst Rating Coverage
Citigroup(Rank#9) has maintained its “Neutral” rating on Ford Motor Company and has cut its 12-month target forecast to $12.50 from $14. This decision was made following Ford’s fourth-quarter earnings report, which showed weaker-than-expected results.
Citigroup’s decision was based on a number of factors, including weaker-than-expected revenue growth, lower operating margins, and increased costs related to the launch of new vehicles. The bank also cited concerns about the impact of rising commodity prices and supply chain disruptions on Ford’s profitability.
Despite these challenges, Citigroup analysts noted that Ford’s balance sheet remains strong, with ample cash reserves and a manageable debt load. The bank also noted that Ford’s ongoing efforts to streamline its operations and focus on high-margin products could help to improve its profitability in the long run.
Citigroup’s revised target price of $12.50 suggests that the bank is taking a cautious view of Ford’s near-term prospects. This reflects concerns about the ongoing challenges facing the auto industry, including increasing competition from electric vehicle makers and the potential impact of global economic uncertainties.
Despite these challenges, Ford has been making efforts to position itself for long-term success. The company has been investing heavily in electric and autonomous vehicles, and has also been working to improve its profitability by streamlining its operations and focusing on high-margin products.
Citigroup’s decision to maintain a “Neutral” rating on Ford and cut its target forecast reflects the ongoing challenges facing the auto industry, as well as concerns about the impact of rising commodity prices and supply chain disruptions. While Ford has made progress in positioning itself for long-term success, it may face headwinds in the near term as it works to navigate these challenges.
Ford Motor Company Stock Analysis & Forecast
According to 13 analysts, the average target price for Ford Motor Company stock over the next 12 months is USD 13.19, and the average rating is Hold. Stock Target Advisor’s own analysis rates the stock as Neutral based on 6 positive signals and 6 negative signals. The current stock price is USD 11.51, which has changed by +1.86% over the past week, -3.11% over the past month, and -30.12% over the last year.
