Ford Motor’s (F) “Sector Perform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Ford Motor (NYSE:F) in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a $10.00 target price on the auto manufacturer’s stock.

A number of other brokerages have also weighed in on F. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Barclays lowered their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Wolfe Research began coverage on shares of Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.48.

Ford Motor Price Performance

NYSE:F opened at $10.41 on Tuesday. The business’s 50-day simple moving average is $10.84 and its two-hundred day simple moving average is $11.65. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The stock has a market cap of $41.54 billion, a PE ratio of 10.73, a P/E/G ratio of 1.58 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same quarter last year, the company earned $0.39 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts forecast that Ford Motor will post 1.86 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be issued a $0.15 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.77%. Ford Motor’s payout ratio is 61.86%.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after acquiring an additional 7,793,944 shares during the period. Legal & General Group Plc increased its holdings in Ford Motor by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after purchasing an additional 318,715 shares during the period. LSV Asset Management raised its position in Ford Motor by 1.6% during the 2nd quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after purchasing an additional 312,496 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Ford Motor by 11.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock worth $163,214,000 after buying an additional 1,214,640 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Ford Motor by 0.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,375,847 shares of the auto manufacturer’s stock worth $124,511,000 after buying an additional 51,035 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.