Ford Motor (NYSE:F) Stock Gets Price Target Cut from UBS Group

Ford Motor (NYSE:F) had its target price decreased by UBS Group from $17.00 to $15.00 in a research note released on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the auto manufacturer’s stock.

F has been the topic of a number of other research reports. Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. TD Cowen upped their target price on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Dbs Bank raised Ford Motor from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 11th. BNP Paribas Exane lifted their price target on Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Finally, Weiss Ratings cut shares of Ford Motor from a “buy (b)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus price target of $15.43.

Ford Motor Stock Performance

F opened at $12.16 on Wednesday. Ford Motor has a twelve month low of $11.11 and a twelve month high of $17.78. The firm has a market capitalization of $48.51 billion, a PE ratio of -6.51, a PEG ratio of 0.25 and a beta of 1.93. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The firm’s 50-day moving average price is $13.52 and its 200 day moving average price is $13.54.

Ford Motor (NYSE:F) last released its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. Ford Motor’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. As a group, sell-side analysts expect that Ford Motor will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a $0.15 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.9%. Ford Motor’s dividend payout ratio is currently -32.09%.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in F. Wealthfront Advisers LLC purchased a new position in shares of Ford Motor during the 2nd quarter worth approximately $11,492,000. Public Employees Retirement System of Ohio increased its holdings in Ford Motor by 22.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer’s stock valued at $23,095,000 after purchasing an additional 366,218 shares during the last quarter. KBC Group NV raised its position in Ford Motor by 223.5% in the first quarter. KBC Group NV now owns 2,229,629 shares of the auto manufacturer’s stock valued at $25,729,000 after purchasing an additional 1,540,403 shares during the period. Texas Capital Bank Wealth Management Services Inc acquired a new position in Ford Motor during the second quarter worth $1,730,000. Finally, Blue Capital Inc. acquired a new position in Ford Motor during the second quarter worth $2,425,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.