Barclays analyst Brian Johnson maintained a Hold rating on Ford Motor (NYSE: F) yesterday and set a price target of $12. The company’s shares opened today at $9.96, close to its 52-week low of $9.84.
According to TipRanks.com, Johnson is a 4-star analyst with an average return of 5.5% and a 55.4% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Arvinmeritor, Dana Holding, and Visteon Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ford Motor with a $12.64 average price target, a 26.9% upside from current levels. In a report issued on July 19, Guggenheim also reiterated a Hold rating on the stock with a $12 price target.
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Based on Ford Motor’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $38.92 billion and net profit of $1.07 billion. In comparison, last year the company earned revenue of $39.85 billion and had a net profit of $2.04 billion.
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Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive and Financial Services. The Automotive segment engages in designing, manufacturing, marketing and servicing of Ford cars, trucks, SUVs, and electrified vehicles, as well as Lincoln luxury vehicles.
