Ford Motor (NYSE:F) Price Target Raised to $14.00

Ford Motor (NYSE:F) had its price objective upped by UBS Group from $13.00 to $14.00 in a report issued on Thursday morning, Benzinga reports. UBS Group currently has a neutral rating on the auto manufacturer’s stock.

Several other equities analysts have also recently weighed in on F. Redburn Atlantic initiated coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They set a sell rating and a $10.00 price objective on the stock. Morgan Stanley boosted 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. 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 report on Wednesday, February 7th. Royal Bank of Canada restated a sector perform rating and set a $12.00 price target on shares of Ford Motor in a report on Wednesday, February 7th. Finally, Barclays boosted 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 Thursday, April 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $14.02.

Ford Motor Stock Performance

NYSE F traded down $0.16 during trading hours on Thursday, reaching $12.88. The company’s stock had a trading volume of 32,542,703 shares, compared to its average volume of 54,022,195. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. The business has a 50-day simple moving average of $12.61 and a 200 day simple moving average of $11.79. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The stock has a market cap of $51.18 billion, a PE ratio of 13.30, a PEG ratio of 1.02 and a beta of 1.63.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 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 analysts’ expectations of $42.93 billion. Ford Motor had a return on equity of 17.56% and a net margin of 2.21%. 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 company earned $0.63 earnings per share. Equities research analysts predict that Ford Motor will post 1.9 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.66%. Ford Motor’s dividend payout ratio is currently 61.86%.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Ford Motor

Several large investors have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. bought a new position in Ford Motor in the first quarter valued at $943,000. Checchi Capital Advisers LLC grew its position in Ford Motor by 22.1% in the first quarter. Checchi Capital Advisers LLC now owns 40,252 shares of the auto manufacturer’s stock valued at $535,000 after purchasing an additional 7,280 shares in the last quarter. Lindbrook Capital LLC grew its position in Ford Motor by 30.1% in the first quarter. Lindbrook Capital LLC now owns 15,476 shares of the auto manufacturer’s stock valued at $206,000 after purchasing an additional 3,585 shares in the last quarter. New York State Teachers Retirement System grew its position in Ford Motor by 3.1% in the first quarter. New York State Teachers Retirement System now owns 4,240,473 shares of the auto manufacturer’s stock valued at $56,313,000 after purchasing an additional 126,079 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas grew its position in Ford Motor by 26.0% in the first quarter. Smith Chas P & Associates PA Cpas now owns 15,639 shares of the auto manufacturer’s stock valued at $208,000 after purchasing an additional 3,226 shares in the last quarter. 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.