Brokerages Set Ford Motor (NYSE:F) Target Price at $19.33

Ford Motor (NYSE:F – Get Rating) has been given a consensus rating of “Hold” by the twenty-three ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $19.33.

A number of brokerages recently commented on F. Daiwa Capital Markets downgraded Ford Motor from a “neutral” rating to an “underperform” rating and increased their price target for the company from $16.00 to $19.00 in a report on Tuesday, December 14th. Citigroup reduced their price target on Ford Motor from $23.00 to $18.00 in a report on Monday, March 28th. Wells Fargo & Company reduced their price target on Ford Motor from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, April 1st. JPMorgan Chase & Co. increased their price target on Ford Motor from $20.00 to $23.00 in a report on Wednesday, January 26th. Finally, Credit Suisse Group reduced their price target on Ford Motor from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, February 4th.

F stock opened at $15.05 on Friday. The stock has a 50-day moving average price of $17.16 and a two-hundred day moving average price of $18.47. Ford Motor has a 12-month low of $11.14 and a 12-month high of $25.87. The company has a current ratio of 1.20, a quick ratio of 1.07 and a debt-to-equity ratio of 1.82. The company has a market cap of $60.26 billion, a PE ratio of 3.40, a price-to-earnings-growth ratio of 0.97 and a beta of 1.11.

Ford Motor (NYSE:F – Get Rating) last posted its quarterly earnings results on Thursday, February 3rd. The auto manufacturer reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.17). Ford Motor had a net margin of 13.13% and a return on equity of 18.55%. The firm had revenue of $35.30 billion for the quarter, compared to analysts’ expectations of $35.02 billion. During the same period last year, the firm posted $0.34 EPS. Equities analysts forecast that Ford Motor will post 1.87 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Tuesday, April 26th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Monday, April 25th. Ford Motor’s payout ratio is currently 9.03%.

In related news, insider William Clay Ford, Jr. acquired 267,697 shares of Ford Motor stock in a transaction dated Thursday, March 24th. The stock was acquired at an average cost of $16.81 per share, with a total value of $4,499,986.57. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.71% of the company’s stock.

Several institutional investors have recently modified their holdings of F. Sterling Investment Advisors Ltd. acquired a new stake in shares of Ford Motor in the fourth quarter worth $27,000. Retirement Planning Co of New England Inc. acquired a new stake in Ford Motor during the fourth quarter valued at $28,000. Cedar Mountain Advisors LLC acquired a new stake in Ford Motor during the fourth quarter valued at $31,000. Atwood & Palmer Inc. acquired a new stake in Ford Motor during the third quarter valued at $35,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Ford Motor during the third quarter valued at $39,000. 50.76% of the stock is owned by institutional investors and hedge funds.

Ford Motor Company Profile (Get Rating)

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.

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