Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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. The Mobility segment designs and builds mobility services; and provides self-driving systems development services. The Ford Credit segment primarily engages in vehicle-related financing and leasing activities to and through automotive dealers. It provides retail installment sale contracts for new and used vehicles; and direct financing leases for new vehicles to retail and commercial customers, such as leasing companies, government entities, daily rental companies, and fleet customers. This segment also offers wholesale loans to dealers to finance the purchase of vehicle inventory; and loans to dealers to finance working capital and enhance dealership facilities, purchase dealership real estate, and other dealer vehicle programs. The company has a strategic collaboration with ARB Corporation Limited to develop a suite of aftermarket products for the new Ford Bronco. Ford Motor Company was incorporated in 1903 and is based in Dearborn, Michigan.
Analyst Upgrades and Downgrades
A number of analysts recently commented on F shares. JPMorgan Chase & Co. reduced their price objective on Ford Motor from $22.00 to $21.00 in a research report on Monday, April 25th. The Goldman Sachs Group lowered their price objective on shares of Ford Motor from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 1st. Citigroup cut their target price on shares of Ford Motor from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, August 2nd. Nomura raised shares of Ford Motor from a "reduce" rating to a "neutral" rating and set a $12.40 target price for the company in a report on Thursday, July 21st. Finally, Berenberg Bank started coverage on shares of Ford Motor in a research note on Tuesday, May 10th. They set a "hold" rating and a $17.00 price target on the stock. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $17.74.
Ford Motor Price Performance
F Stock traded up $0.46 during midday trading on Monday, hitting $15.76. The company's stock had a trading volume of 1,564,197 shares, compared to its average volume of 80,079,305. The company has a quick ratio of 1.00, a current ratio of 1.16 and a debt-to-equity ratio of 1.92. Ford Motor has a 12 month low of $10.61 and a 12 month high of $25.87. The company has a 50 day moving average of $12.62 and a two-hundred day moving average of $14.97. The firm has a market capitalization of $63.35 billion, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 0.83 and a beta of 1.33.
Ford Motor (NYSE:F - Get Rating) last released its earnings results on Wednesday, July 27th. The auto manufacturer reported $0.68 EPS for the quarter, topping the consensus estimate of $0.44 by $0.24. The firm had revenue of $37.91 billion for the quarter, compared to the consensus estimate of $35.17 billion. Ford Motor had a net margin of 7.86% and a return on equity of 16.91%. The company's quarterly revenue was up 57.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, analysts expect that Ford Motor will post 2.03 EPS for the current year.
Ford Motor Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, August 10th. This is an increase from Ford Motor's previous quarterly dividend of $0.10. Ford Motor's dividend payout ratio is 13.99%.
Insider Activity
In other news, insider Ashwani Kumar Galhotra sold 25,892 shares of the company's stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $12.41, for a total transaction of $321,319.72. Following the sale, the insider now directly owns 511,605 shares of the company's stock, valued at approximately $6,349,018.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Motor Co Ford sold 7,000,000 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $26.88, for a total value of $188,160,000.00. Following the completion of the transaction, the insider now owns 86,947,494 shares of the company's stock, valued at approximately $2,337,148,638.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ashwani Kumar Galhotra sold 25,892 shares of Ford Motor stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $12.41, for a total value of $321,319.72. Following the completion of the transaction, the insider now owns 511,605 shares of the company's stock, valued at approximately $6,349,018.05. The disclosure for this sale can be found here. Company insiders own 0.71% of the company's stock.
