Royal Bank of Canada Raises Ford Motor (NYSE:F) Price Target to $13.00

Ford Motor (NYSE:F - Free Report) had its price objective hoisted by Royal Bank of Canada from $12.00 to $13.00 in a research report released on Thursday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the auto manufacturer's stock.

A number of other research analysts have also issued reports on the stock. UBS Group raised their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company a neutral rating in a research note on Thursday. Redburn Atlantic initiated coverage on Ford Motor in a research report on Wednesday, January 24th. They set a sell rating and a $10.00 target price on the stock. Piper Sandler initiated coverage on Ford Motor in a report on Friday, March 15th. They set a neutral rating and a $13.00 price objective on the stock. Morgan Stanley boosted their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company an overweight rating in a research note on Tuesday, February 13th. Finally, Citigroup boosted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company a buy rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $14.02.

Ford Motor Price Performance

NYSE:F traded up $0.09 during mid-day trading on Thursday, reaching $13.04. 86,466,150 shares of the stock were exchanged, compared to its average volume of 54,293,906. The business has a fifty day moving average price of $12.60 and a 200 day moving average price of $11.78. The firm has a market capitalization of $51.82 billion, a PE ratio of 11.80, a PEG ratio of 1.02 and a beta of 1.63. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. The firm had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. Research analysts expect that Ford Motor will post 1.9 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Tuesday, May 7th. Ford Motor's dividend payout ratio (DPR) is presently 55.56%.

Insider Activity

In other news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the transaction, the chief accounting officer now directly owns 7,102 shares of the company's stock, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its position in Ford Motor by 835.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer's stock worth $25,000 after buying an additional 1,839 shares during the last quarter. Fortis Group Advisors LLC raised its position in Ford Motor by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer's stock valued at $26,000 after purchasing an additional 1,086 shares during the last quarter. Milestone Investment Advisors LLC bought a new position in Ford Motor during the 3rd quarter valued at approximately $27,000. Voisard Asset Management Group Inc. bought a new position in shares of Ford Motor during the fourth quarter valued at approximately $27,000. Finally, Financial Synergies Wealth Advisors Inc. raised its stake in Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer's stock worth $27,000 after buying an additional 1,938 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

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.