Ford Motor (NYSE:F) Price Target Raised to $18.00 at Citigroup

Ford Motor (NYSE:F - Free Report) had its price objective raised by Citigroup from $16.00 to $18.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the auto manufacturer's stock.

Several other research analysts have also recently commented on the company. Piper Sandler assumed coverage on Ford Motor in a research note on Friday, March 15th. They issued a neutral rating and a $13.00 price target on the stock. Royal Bank of Canada increased their target price on Ford Motor from $12.00 to $13.00 and gave the company a sector perform rating in a research note on Thursday, April 25th. UBS Group lifted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a neutral rating in a research note on Thursday, April 25th. Morgan Stanley upped their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an overweight rating in a report on Tuesday, February 13th. Finally, Redburn Atlantic initiated coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They issued a sell rating and a $10.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $14.15.

Ford Motor Trading Up 2.4 %

Shares of Ford Motor stock traded up $0.29 during trading hours on Thursday, hitting $12.49. The company's stock had a trading volume of 46,751,609 shares, compared to its average volume of 54,385,836. The business has a fifty day moving average of $12.63 and a 200 day moving average of $11.80. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $49.63 billion, a PE ratio of 12.88, a P/E/G ratio of 0.82 and a beta of 1.61.

Ford Motor (NYSE:F - Get Free Report) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. The company had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. As a group, equities analysts forecast that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.80%. The ex-dividend date is Tuesday, May 7th. Ford Motor's payout ratio is currently 61.86%.

Insiders Place Their Bets

In related news, CAO Mark Kosman sold 26,898 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares of the company's stock, valued at $88,988.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by insiders.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 1,839 shares during the last quarter. Fortis Group Advisors LLC raised its holdings 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 worth $26,000 after buying an additional 1,086 shares during the period. Milestone Investment Advisors LLC purchased a new stake in Ford Motor during the third quarter valued at about $27,000. Voisard Asset Management Group Inc. acquired a new position in shares of Ford Motor in the fourth quarter worth about $27,000. Finally, Financial Synergies Wealth Advisors Inc. increased its position in shares of 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 acquiring an additional 1,938 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

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.