Ford Motor Company (NYSE:F) Receives $13.56 Average Price Target from Brokerages

Shares of Ford Motor Company (NYSE:F) have received an average rating of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.5571.

F has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. UBS Group lowered their price target on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Citigroup lowered their price target on shares of Ford Motor from $13.50 to $13.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 price target on shares of Ford Motor in a report on Friday, May 15th. Finally, Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th.

Ford Motor Trading Up 9.2%

Shares of Ford Motor stock opened at $14.93 on Friday. Ford Motor has a 12-month low of $9.88 and a 12-month high of $14.95. The company has a market cap of $59.47 billion, a price-to-earnings ratio of -9.63, a PEG ratio of 0.33 and a beta of 1.65. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The company’s 50-day moving average price is $12.29 and its 200-day moving average price is $13.03.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts expect that Ford Motor will post 1.6 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, May 12th. Ford Motor’s dividend payout ratio is -38.71%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of F. Caxton Associates LLP bought a new position in shares of Ford Motor in the first quarter worth approximately $304,000. Empowered Funds LLC increased its position in shares of Ford Motor by 41.6% in the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after purchasing an additional 43,385 shares during the last quarter. Jump Financial LLC bought a new position in shares of Ford Motor in the second quarter worth approximately $172,000. NewEdge Advisors LLC increased its position in shares of Ford Motor by 26.3% in the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock worth $2,907,000 after purchasing an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Ford Motor by 1.5% in the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock worth $19,786,000 after purchasing an additional 26,526 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.