Ford Motor Company (NYSE:F) Receives $13.56 Average Target Price from Brokerages

Ford Motor Company (NYSE:F) has been given a consensus rating of “Hold” by the sixteen brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $13.5571.

A number of brokerages have recently weighed in on F. TD Cowen cut their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Bank of America started coverage on shares of Ford Motor in a report on Wednesday, March 4th. They issued a “buy” rating and a $17.00 price target for the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. Finally, Wells Fargo & Company lowered their price target on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st.

Ford Motor Trading Up 3.4%

Shares of Ford Motor stock opened at $13.67 on Friday. The firm has a market cap of $54.45 billion, a price-to-earnings ratio of -8.82, a PEG ratio of 0.29 and a beta of 1.65. The business has a 50-day moving average price of $12.24 and a 200-day moving average price of $13.01. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. Ford Motor has a twelve month low of $9.88 and a twelve month high of $14.94.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. Equities research analysts anticipate that Ford Motor will post 1.6 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.4%. Ford Motor’s dividend payout ratio (DPR) is presently -38.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vestor Capital LLC lifted its holdings in shares of Ford Motor by 78.4% in the 1st quarter. Vestor Capital LLC now owns 3,648 shares of the auto manufacturer’s stock valued at $42,000 after acquiring an additional 1,603 shares during the last quarter. Western Wealth Management LLC lifted its holdings in shares of Ford Motor by 56.5% in the 1st quarter. Western Wealth Management LLC now owns 50,015 shares of the auto manufacturer’s stock valued at $577,000 after acquiring an additional 18,058 shares during the last quarter. Orographic Financial Advisors LLC bought a new position in shares of Ford Motor in the 1st quarter valued at about $379,000. Paragon Private Wealth Management LLC bought a new position in shares of Ford Motor in the 1st quarter valued at about $382,000. Finally, Kentucky Retirement Systems lifted its stake in Ford Motor by 32.9% in the first quarter. Kentucky Retirement Systems now owns 325,659 shares of the auto manufacturer’s stock worth $3,758,000 after purchasing an additional 80,559 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.