Ford Motor (NYSE:F) Price Target Raised to $11.00 at UBS Group

Ford Motor (NYSE:F) had its target price hoisted by UBS Group from $9.00 to $11.00 in a research note issued to investors on Monday,Benzinga reports. UBS Group currently has a neutral rating on the auto manufacturer’s stock.

F has been the subject of a number of other reports. Barclays lifted their price target on Ford Motor from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. The Goldman Sachs Group lifted their price target on Ford Motor from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. lifted their price target on Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Citigroup boosted their target price on Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Finally, Wolfe Research raised Ford Motor from an “underperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.17.

Ford Motor Trading Up 0.9%

NYSE:F opened at $11.89 on Monday. The firm has a market cap of $47.26 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 1.00 and a beta of 1.49. The stock has a fifty day moving average price of $10.73 and a 200 day moving average price of $10.09. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.85. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. The company had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. Ford Motor’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS. Sell-side analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.05%. The ex-dividend date was Monday, May 12th. Ford Motor’s payout ratio is 48.00%.

Insider Transactions at Ford Motor

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the transaction, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. The trade was a 20.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Ford Motor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC grew its holdings in shares of Ford Motor by 10.1% in the 4th quarter. Proficio Capital Partners LLC now owns 12,118 shares of the auto manufacturer’s stock worth $120,000 after acquiring an additional 1,112 shares during the period. HighTower Advisors LLC grew its holdings in shares of Ford Motor by 15.3% in the 4th quarter. HighTower Advisors LLC now owns 954,931 shares of the auto manufacturer’s stock worth $9,454,000 after acquiring an additional 126,515 shares during the period. Frank Rimerman Advisors LLC grew its holdings in shares of Ford Motor by 55.5% in the 4th quarter. Frank Rimerman Advisors LLC now owns 59,752 shares of the auto manufacturer’s stock worth $592,000 after acquiring an additional 21,319 shares during the period. Harbour Investments Inc. grew its holdings in shares of Ford Motor by 53.4% in the 4th quarter. Harbour Investments Inc. now owns 164,521 shares of the auto manufacturer’s stock worth $1,629,000 after acquiring an additional 57,301 shares during the period. Finally, GWN Securities Inc. acquired a new stake in shares of Ford Motor in the 4th quarter worth approximately $591,000. 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.