Ford’s Future: Bernstein Downgrades to Market Perform
On November 7, 2024, Bernstein updated its outlook for Ford Motor (XTRA:FMC1), lowering it from Outperform to Market Perform.
Analysts Project a 19.25% Upside for Ford
The average one-year price target for Ford Motor is set at 11,54 €/share as of October 22, 2024. Predictions range from a low of 8,38 € to a high of 19,35 €. This average indicates a potential upside of 19.25% from the latest closing price of 9,68 € per share.
Revenue Decline and Earnings Forecast
Ford Motor’s projected annual revenue stands at 158,131MM, reflecting a decrease of 13.47%. Meanwhile, the anticipated annual non-GAAP EPS is estimated at 1.67.
Current Fund Sentiment Towards Ford
According to recent reports, 2,313 funds or institutions hold positions in Ford Motor, a reduction of 37 owners, or 1.57%, from the previous quarter. The average portfolio weight of these funds focused on FMC1 increased by 13.69% to 0.15%. Furthermore, total shares owned by institutions rose by 5.06% over the last three months, amounting to 2,345,806K shares.
Newport Trust owns 154,196K shares, equating to 3.95% of the company. This marks a negligible decrease from 154,227K shares, representing a decline of 0.02%. The allocation in FMC1 decreased by 12.73% last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 124,050K shares, which is 3.18% of Ford. In its previous report, it held 122,888K shares, reflecting a 0.94% increase. However, its portfolio allocation in FMC1 dropped by 7.31% over the past quarter.
Charles Schwab Investment Management has 117,338K shares in Ford, or 3.01% ownership. It reported holding 116,200K shares before, which is a 0.97% increase but also included a significant reduction of 34.38% in allocation during the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares maintains ownership of 100,648K shares, representing 2.58%. Previously, it owned 98,323K shares, a 2.31% boost, though its allocation in FMC1 is down by 8.50% since last quarter.
SCHD – Schwab U.S. Dividend Equity ETF currently holds 92,100K shares (2.36% ownership), up from 90,706K (1.51% increase). Despite this, allocation in FMC1 fell by 14.60% in the last three months.
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