UBS Group Cuts Ford Motor (NYSE:F) Price Target to $9.00

Ford Motor (NYSE:F) had its price objective reduced by UBS Group from $10.00 to $9.00 in a research report sent to investors on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the auto manufacturer’s stock.

A number of other research analysts have also recently issued reports on the company. Evercore ISI reduced their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Sanford C. Bernstein downgraded Ford Motor from a “market perform” rating to an “underperform” rating and cut their target price for the company from $9.40 to $7.00 in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Royal Bank of Canada decreased their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Finally, Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average price target of $10.50.

Ford Motor Stock Performance

Shares of F stock opened at $9.33 on Thursday. The company has a 50-day simple moving average of $9.58 and a 200 day simple moving average of $10.17. The company has a market capitalization of $36.96 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 0.61 and a beta of 1.41. Ford Motor has a 52 week low of $8.44 and a 52 week high of $14.85. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, sell-side analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in F. Cranbrook Wealth Management LLC boosted its stake in Ford Motor by 150.1% in the 1st quarter. Cranbrook Wealth Management LLC now owns 17,262 shares of the auto manufacturer’s stock valued at $173,000 after purchasing an additional 10,361 shares during the period. Pines Wealth Management LLC grew its position in shares of Ford Motor by 15.3% during the 1st quarter. Pines Wealth Management LLC now owns 38,904 shares of the auto manufacturer’s stock worth $390,000 after buying an additional 5,156 shares during the period. Sovereign Financial Group Inc. raised its position in shares of Ford Motor by 7.4% during the first quarter. Sovereign Financial Group Inc. now owns 33,903 shares of the auto manufacturer’s stock worth $340,000 after purchasing an additional 2,344 shares during the period. SeaCrest Wealth Management LLC grew its holdings in Ford Motor by 27.8% during the first quarter. SeaCrest Wealth Management LLC now owns 56,964 shares of the auto manufacturer’s stock worth $571,000 after buying an additional 12,383 shares in the last quarter. Finally, Oxinas Partners Wealth Management LLC boosted its holdings in shares of Ford Motor by 124.3% in the 1st quarter. Oxinas Partners Wealth Management LLC now owns 23,330 shares of the auto manufacturer’s stock worth $234,000 after buying an additional 12,930 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

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.