In a report released yesterday, Brian Johnson from Barclays maintained a Hold rating on Ford Motor (NYSE: F), with a price target of $10. The company’s shares opened today at $8.80, close to its 52-week low of $8.55.
According to TipRanks.com, Johnson is a 4-star analyst with an average return of 3.9% and a 52.6% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, Arvinmeritor, and Dana Holding.
The word on The Street in general, suggests a Hold analyst consensus rating for Ford Motor with a $10.88 average price target, representing a 23.6% upside. In a report issued on October 4, Citigroup also maintained a Hold rating on the stock with a $9.70 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 $36.45 billion and had a net profit of $1.56 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.
