JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Ford Motor (NYSE:F) Stock

Ford Motor (NYSE:F - Free Report) had its target price increased by JPMorgan Chase & Co. from $12.00 to $13.00 in a report released on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto manufacturer's stock.

A number of other brokerages also recently issued reports on F. Wolfe Research upgraded Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. UBS Group upped their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. The Goldman Sachs Group increased their price objective on shares of Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Barclays raised their price target on shares of Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Ford Motor presently has an average rating of "Hold" and an average target price of $10.37.

Ford Motor Stock Up 1.4%

F traded up $0.16 during midday trading on Monday, hitting $11.32. 65,469,160 shares of the company's stock traded hands, compared to its average volume of 83,478,458. Ford Motor has a one year low of $8.44 and a one year high of $14.18. The stock's fifty day simple moving average is $10.80 and its 200-day simple moving average is $10.13. The company has a market cap of $44.99 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.13 and a quick ratio of 0.97.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The firm had revenue of $40.66 billion for the quarter, compared to analysts' expectations of $35.99 billion. During the same quarter in the previous year, the business posted $0.49 earnings per share. The business's revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.30%. Ford Motor's payout ratio is currently 48.00%.

Insiders Place Their Bets

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider owned 113,939 shares of the company's stock, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.48% of the company's stock.

Hedge Funds Weigh In On Ford Motor

Hedge funds have recently bought and sold shares of the business. Grove Bank & Trust raised its holdings in shares of Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 1,882 shares during the period. Elite Financial Inc. bought a new stake in Ford Motor during the 1st quarter worth approximately $27,000. Olde Wealth Management LLC purchased a new stake in shares of Ford Motor in the 1st quarter valued at $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Ford Motor in the 1st quarter worth about $30,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Ford Motor during the 4th quarter valued at about $31,000. 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.