Ford Motor (NYSE:F) Price Target Raised to $12.00

Ford Motor (NYSE:F) had its target price increased by The Goldman Sachs Group from $11.00 to $12.00 in a report released on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the auto manufacturer’s stock.

A number of other brokerages have also recently issued reports on F. Barclays lifted their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Royal Bank Of Canada lifted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 5th. Piper Sandler lifted their target price on shares of Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Dbs Bank downgraded shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Finally, UBS Group lifted their price target on shares of Ford Motor from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $10.57.

Ford Motor Stock Performance

Shares of F opened at $12.26 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The stock has a market cap of $48.77 billion, a P/E ratio of 15.71, a PEG ratio of 3.44 and a beta of 1.53. The company has a 50-day moving average of $11.54 and a two-hundred day moving average of $10.78. Ford Motor has a 12-month low of $8.44 and a 12-month high of $12.31.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $50.18 billion during 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 quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. As a group, research analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, August 11th. Ford Motor’s payout ratio is presently 76.92%.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors have recently bought and sold shares of the stock. Capital A Wealth Management LLC grew 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 purchasing an additional 2,279 shares during the period. NWF Advisory Services Inc. grew its holdings in Ford Motor by 63.9% in the second quarter. NWF Advisory Services Inc. now owns 29,754 shares of the auto manufacturer’s stock valued at $323,000 after purchasing an additional 11,601 shares during the period. American Trust purchased a new stake in Ford Motor in the second quarter valued at approximately $122,000. Total Investment Management Inc. purchased a new stake in Ford Motor in the second quarter valued at approximately $41,000. Finally, Centaurus Financial Inc. grew its holdings in Ford Motor by 27.0% in the second quarter. Centaurus Financial Inc. now owns 90,796 shares of the auto manufacturer’s stock valued at $985,000 after purchasing an additional 19,325 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Company Profile

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.