Analysts Set Ford Motor Company (NYSE:F) Price Target at $11.73

Ford Motor Company (NYSE:F) has been assigned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $11.8846.

F has been the topic of a number of recent research reports. UBS Group increased their price objective on Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Monday, October 6th. Dbs Bank cut Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. The Goldman Sachs Group lifted their price objective on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Piper Sandler increased their price target on shares of Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Ford Motor in a report on Monday, November 24th.

Ford Motor Price Performance

Shares of NYSE F opened at $13.27 on Friday. The stock has a fifty day simple moving average of $12.56 and a two-hundred day simple moving average of $11.63. Ford Motor has a 1-year low of $8.44 and a 1-year high of $13.97. The firm has a market cap of $52.87 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The business had revenue of $50.53 billion for the quarter, compared to analysts’ expectations of $43.08 billion. During the same period in the previous year, the business posted $0.49 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.5%. Ford Motor’s dividend payout ratio is 51.72%.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently made changes to their positions in the company. Trust Co. of Toledo NA OH purchased a new position in Ford Motor during the second quarter valued at $25,000. Corsicana & Co. bought a new position in shares of Ford Motor in the 3rd quarter worth about $25,000. Country Trust Bank purchased a new position in Ford Motor during the 2nd quarter valued at about $27,000. Capital A Wealth Management LLC boosted its stake in Ford Motor by 990.9% during the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 2,279 shares in the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after acquiring an additional 837 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

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.