Citigroup analyst Itay Michaeli maintained a Hold rating on Ford Motor (NYSE: F) today and set a price target of $9.70. The company’s shares closed yesterday at $9.13, close to its 52-week low of $9.09.
Michaeli has an average return of 7.1% when recommending Ford Motor.
According to TipRanks.com, Michaeli is ranked #1150 out of 4884 analysts.
Ford Motor has an analyst consensus of Moderate Buy, with a price target consensus of $11.52, which is a 26.2% upside from current levels. In a report issued on September 26, Barclays also maintained a Hold rating on the stock with a $11 price target.
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.