Ford Motor (NYSE:F) Price Target Increased to $13.00 by Analysts at Royal Bank of Canada

Ford Motor (NYSE:F) had its price target lifted by Royal Bank of Canada from $12.00 to $13.00 in a research note released on Thursday, Benzinga reports. They currently have a sector perform rating on the auto manufacturer’s stock.

F has been the subject of a number of other reports. Redburn Atlantic started coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a sell rating and a $10.00 price target for the company. Citigroup increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock a buy rating in a report on Wednesday, February 7th. UBS Group boosted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company a neutral rating in a report on Thursday. Barclays raised their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an overweight rating in a research note on Thursday, April 11th. Finally, Morgan Stanley boosted their target price on Ford Motor from $15.00 to $16.00 and gave the company an overweight rating in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $14.02.

Ford Motor Price Performance

Shares of F stock opened at $12.79 on Thursday. The firm’s 50 day moving average price is $12.62 and its two-hundred day moving average price is $11.78. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.04 and a current ratio of 1.17. 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 $50.82 billion, a PE ratio of 13.19, a PEG ratio of 0.99 and a beta of 1.63.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.63 EPS. As a group, analysts forecast that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s payout ratio is 61.86%.

Insiders Place Their Bets

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s 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 completion of the transaction, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently bought and sold shares of F. Whittier Trust Co. of Nevada Inc. increased its position in shares of Ford Motor by 835.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,839 shares during the last quarter. Fortis Group Advisors LLC grew its stake in shares of Ford Motor by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 1,086 shares in the last quarter. Milestone Investment Advisors LLC acquired a new position in Ford Motor during the third quarter worth $27,000. Voisard Asset Management Group Inc. bought a new stake in Ford Motor during the fourth quarter worth $27,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its stake in Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 1,938 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.