Ford investors were likely spooked this afternoon by Reuters's report: "Ford hikes price of cheapest F-150 electric truck variant..." For more coverage, read the full article here. On the back of this news, Ford Motor Company sank -2.7% to a price of $13.12.
Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. The company belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 24.11 and an average price to book (P/B) ratio of 3.11. In contrast, Ford Motor Company has a trailing 12 month P/E ratio of 13.2 and a P/B ratio of 1.5.
At today's price of $13.12 per share, Ford Motor Company is -12.01% away from its target price of $14.91, and on average, analysts give the stock a rating of hold. 3.5% of the company's shares are linked to short positions, and 48.6% of the shares are owned by institutional investors.