Ford Motor (NYSE:F - Free Report) had its price target hoisted by Barclays from $8.00 to $9.00 in a report released on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the auto manufacturer's stock.
Other analysts have also recently issued research reports about the stock. Evercore ISI dropped their price target on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a research note on Monday, February 10th. Piper Sandler lowered their price objective on Ford Motor from $9.00 to $8.50 and set a "neutral" rating for the company in a research report on Tuesday. TD Cowen started coverage on Ford Motor in a research report on Friday, March 7th. They issued a "hold" rating and a $10.00 target price on the stock. StockNews.com raised Ford Motor from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Finally, UBS Group cut their price objective on Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $10.00.
Check Out Our Latest Research Report on Ford Motor
Ford Motor Price Performance
Shares of NYSE:F traded up $0.17 during midday trading on Tuesday, hitting $10.45. The company had a trading volume of 76,201,623 shares, compared to its average volume of 75,066,779. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.85. The stock has a market cap of $41.42 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The business's 50-day simple moving average is $9.81 and its 200-day simple moving average is $10.06.
Ford Motor (NYSE:F - Get Free Report) last issued its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. The company had revenue of $40.66 billion during the quarter, compared to analysts' expectations of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The firm's quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. On average, research analysts predict that Ford Motor will post 1.47 earnings per share for the current year.
Ford Motor Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date is Monday, May 12th. Ford Motor's dividend payout ratio is currently 48.00%.
Hedge Funds Weigh In On Ford Motor
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. World Investment Advisors LLC increased its holdings in shares of Ford Motor by 31.8% in the 3rd quarter. World Investment Advisors LLC now owns 33,168 shares of the auto manufacturer's stock valued at $350,000 after acquiring an additional 8,000 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Ford Motor in the third quarter valued at approximately $192,000. Franklin Resources Inc. raised its holdings in Ford Motor by 29.8% during the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer's stock worth $15,998,000 after purchasing an additional 336,720 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Ford Motor by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer's stock worth $46,408,000 after buying an additional 160,409 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Ford Motor by 8.7% during the 4th quarter. Nordea Investment Management AB now owns 316,177 shares of the auto manufacturer's stock worth $3,146,000 after buying an additional 25,229 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.
About Ford Motor
(
Get Free Report)
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.
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