Ford Motor (NYSE:F) Price Target Raised to $9.00

Ford Motor (NYSE:F - Free Report) had its price objective lifted by Piper Sandler from $8.50 to $9.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a neutral rating on the auto manufacturer's stock.

Several other analysts also recently weighed in on the stock. Citigroup boosted their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Sanford C. Bernstein cut Ford Motor from a "market perform" rating to an "underperform" rating and cut their target price for the stock from $9.40 to $7.00 in a research note on Wednesday, April 9th. Barclays upped their target price on Ford Motor from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. TD Cowen assumed coverage on shares of Ford Motor in a report on Friday, March 7th. They issued a "hold" rating and a $10.00 price target on the stock. Finally, Bank of America reduced their target price on Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a report on Thursday, February 6th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $10.03.

Ford Motor Price Performance

Shares of Ford Motor stock traded down $0.08 on Thursday, hitting $10.36. 80,479,054 shares of the company traded hands, compared to its average volume of 76,649,992. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.85. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a market cap of $41.20 billion, a P/E ratio of 7.10, a P/E/G ratio of 0.61 and a beta of 1.53. The firm's 50-day simple moving average is $9.98 and its 200 day simple moving average is $10.04.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The firm had revenue of $40.66 billion during the quarter, compared to analyst estimates of $35.99 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company's revenue was down 6.2% compared to the same quarter last year. Analysts expect that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date is Monday, May 12th. Ford Motor's payout ratio is presently 48.00%.

Institutional Trading of Ford Motor

Hedge funds have recently bought and sold shares of the company. Grove Bank & Trust grew its position in shares of Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,882 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in Ford Motor during the 4th quarter valued at approximately $26,000. Elite Financial Inc. bought a new stake in Ford Motor in the first quarter worth $27,000. Olde Wealth Management LLC purchased a new stake in shares of Ford Motor during the 1st quarter valued at about $28,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Ford Motor in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 58.74% of the company's stock.

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.