Ford Motor Stock Price Expected to Rise Amid Beat Q2 Earnings

Ford Motor's stock price is expected to rise, according to analysts at Royal Bank Of Canada. The brokerage has raised its price target for the auto manufacturer from $13.00 to $15.00 in a research report issued on Wednesday.

This suggests a potential downside of 3.32% from the stock's previous close of $15.52. Ford Motor traded up $0.56 during midday trading on Wednesday, reaching its current price.

The company has received mixed reactions from analysts in recent reports. While Royal Bank Of Canada upgraded its rating to 'sector perform' with a $15.00 target price, others have offered differing opinions. JPMorgan Chase & Co. raised their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock an 'overweight' rating in a report on Friday.

Despite some analysts expressing caution, Ford Motor's second-quarter earnings beat expectations, with adjusted earnings per share coming in at $0.42. The company also increased its full-year adjusted EBIT forecast to $10 billion-$11 billion and raised free cash flow expectations.