Ford Motor (NYSE:F – Get Rating) had its target price trimmed by Benchmark to $23.00 in a report issued on Tuesday morning, Stock Target Advisor reports.
A number of other equities research analysts have also recently commented on F. Berenberg Bank initiated coverage on shares of Ford Motor in a research report on Tuesday, May 10th. They set a hold rating and a $17.00 target price for the company. Wells Fargo & Company decreased their target price on shares of Ford Motor from $12.00 to $10.00 and set an underweight rating for the company in a research report on Monday, July 11th. Exane BNP Paribas initiated coverage on shares of Ford Motor in a report on Monday, April 11th. They issued an outperform rating for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Ford Motor from $12.00 to $13.00 in a report on Thursday, July 28th. Finally, Morgan Stanley raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock an equal weight rating in a report on Tuesday, August 2nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Ford Motor currently has an average rating of Hold and an average price target of $17.74.
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Ford Motor Trading Up 2.1 %
NYSE:F opened at $15.83 on Tuesday. Ford Motor has a 52 week low of $10.61 and a 52 week high of $25.87. The firm has a 50 day moving average of $12.73 and a 200 day moving average of $14.94. The company has a quick ratio of 1.00, a current ratio of 1.16 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $63.64 billion, a price-to-earnings ratio of 5.53, a PEG ratio of 0.83 and a beta of 1.33.
Ford Motor (NYSE:F – Get Rating) last posted its earnings results on Wednesday, July 27th. The auto manufacturer reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.24. Ford Motor had a net
margin of 7.86% and a return on equity of 16.91%. The company had revenue of $37.91 billion during the quarter, compared to analysts' expectations of $35.17 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. Ford Motor's revenue for the quarter was up 57.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ford Motor will post 2.05 earnings per share for the current fiscal year.
Ford Motor Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th will be given a $0.15 dividend. This is a positive change from Ford Motor's previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, August 10th. This represents a $0.60 annualized dividend and a dividend yield of 3.79%. Ford Motor's dividend payout ratio (DPR) is 20.98%.
Insider Activity
In other news, insider Ashwani Kumar Galhotra sold 25,892 shares of Ford Motor stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $12.41, for a total value of $321,319.72. Following the sale, the insider now owns 511,605 shares in the company, valued at $6,349,018.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.90% of the company's stock.
Hedge Funds Weigh In On Ford Motor
Several hedge funds and other institutional investors have recently modified their holdings of F. Thompson Siegel & Walmsley LLC purchased a new position in Ford Motor during the first quarter worth about $25,000. Ten Capital Wealth Advisors LLC purchased a new position in Ford Motor during the first quarter worth about $25,000. Mark Sheptoff Financial Planning LLC raised its stake in Ford Motor by 199.2% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,505 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,002 shares during the period. Wagner Wealth Management LLC purchased a new position in Ford Motor during the second quarter worth about $25,000. Finally, Pittenger & Anderson Inc. raised its stake in Ford Motor by 72.8% during the second quarter. Pittenger & Anderson Inc. now owns 2,374 shares of the auto manufacturer's stock worth $26,000 after purchasing an additional 1,000 shares during the period. 52.35% of the stock is owned by hedge funds and other institutional investors.
About Ford Motor
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Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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