Ford Motor (NYSE:F) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Ford Motor (NYSE:F) had its target price increased by Wells Fargo & Company from $8.00 to $10.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an underweight rating on the auto manufacturer’s stock.

A number of other brokerages have also recently commented on F. Dbs Bank cut shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. The Goldman Sachs Group raised their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. UBS Group raised their price target on shares of Ford Motor from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Finally, Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $10.71.

Ford Motor Price Performance

Shares of NYSE F opened at $12.66 on Friday. The stock has a market cap of $50.39 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 3.51 and a beta of 1.53. Ford Motor has a 52 week low of $8.44 and a 52 week high of $12.67. The company’s 50-day moving average price is $11.58 and its 200 day moving average price is $10.82. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $50.18 billion for the quarter, compared to analysts’ expectations of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. As a group, research analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 4.7%. Ford Motor’s dividend payout ratio is 76.92%.

Hedge Funds Weigh In On Ford Motor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Grove Bank & Trust increased its position in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,882 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in Ford Motor in the second quarter valued at approximately $25,000. Elite Financial Inc. purchased a new position in Ford Motor in the first quarter valued at approximately $27,000. Country Trust Bank purchased a new position in Ford Motor in the second quarter valued at approximately $27,000. Finally, Capital A Wealth Management LLC raised its holdings in Ford Motor by 990.9% in the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 2,279 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.