Ford Motor (NYSE:F) Price Target Raised to $11.00

Ford Motor (NYSE:F) had its price objective raised by Barclays from $9.00 to $11.00 in a research note released on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the auto manufacturer’s stock.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. The Goldman Sachs Group upped their price target on Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Piper Sandler upped their price objective on Ford Motor from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 22nd. Wolfe Research upgraded Ford Motor from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Finally, Sanford C. Bernstein cut Ford Motor from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.30.

Ford Motor Trading Up 0.2%

Shares of NYSE:F opened at $11.17 on Wednesday. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.50. The business’s fifty day simple moving average is $10.80 and its 200-day simple moving average is $10.12. The company has a market capitalization of $44.42 billion, a PE ratio of 8.94, a P/E/G ratio of 0.95 and a beta of 1.49. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. The business had revenue of $40.66 billion during the quarter, compared to analysts’ expectations of $35.99 billion. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. As a group, equities research analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor’s dividend payout ratio is currently 48.00%.

Insider Activity

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the sale, the insider owned 113,939 shares of the company’s stock, valued at approximately $1,253,329. The trade was a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Grove Bank & Trust raised its position in shares of Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,882 shares during the last quarter. Elite Financial Inc. acquired a new position in Ford Motor in the 1st quarter valued at $27,000. Olde Wealth Management LLC acquired a new position in Ford Motor in the 1st quarter valued at $28,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Ford Motor during the 4th quarter valued at $30,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in shares of Ford Motor during the 1st quarter valued at $30,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.