Brokerages Set Ford Motor (NYSE:F) Target Price at $12.08

Shares of Ford Motor (NYSE:F) have been given an average rating of “Hold” by the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.08.

A number of brokerages recently weighed in on F. Wells Fargo & Company decreased their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research note on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Barclays lowered their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Family Firm Inc. purchased a new stake in shares of Ford Motor during the second quarter worth about $26,000. Quarry LP acquired a new stake in Ford Motor in the 2nd quarter worth approximately $27,000. Ridgewood Investments LLC purchased a new stake in Ford Motor during the 2nd quarter worth approximately $28,000. Kimelman & Baird LLC acquired a new position in Ford Motor during the 2nd quarter valued at approximately $30,000. Finally, MFA Wealth Advisors LLC purchased a new position in shares of Ford Motor in the second quarter worth $37,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

Ford Motor stock opened at $10.56 on Friday. The firm has a market capitalization of $41.95 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.91 and a beta of 1.62. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The firm has a 50-day moving average price of $10.86 and a 200-day moving average price of $11.35. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the previous year, the business earned $0.39 EPS. Ford Motor’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

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.