Ford Motor (NYSE:F) Given New $11.00 Price Target at Royal Bank Of Canada

Ford Motor (NYSE:F) had its price target boosted by Royal Bank Of Canada from $10.00 to $11.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a sector perform rating on the auto manufacturer’s stock.

A number of other equities analysts also recently commented on the stock. Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Barclays lifted their price target on shares of Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Wolfe Research raised shares of Ford Motor from an “underperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. Piper Sandler lifted their price target on shares of Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.53.

Ford Motor Stock Performance

Shares of F opened at $11.08 on Tuesday. Ford Motor has a 12 month low of $8.44 and a 12 month high of $11.97. The company’s fifty day moving average is $10.94 and its 200-day moving average is $10.23. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The firm has a market cap of $44.04 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 3.17 and a beta of 1.48.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. Ford Motor’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.47 EPS. Equities analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Monday, August 11th. Ford Motor’s payout ratio is currently 76.92%.

Insider Transactions at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider directly owned 113,939 shares in the company, valued at $1,253,329. The trade was a 20.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently modified their holdings of F. Tounjian Advisory Partners LLC bought a new position in shares of Ford Motor in the first quarter worth approximately $974,000. Generali Investments CEE investicni spolecnost a.s. increased its position in shares of Ford Motor by 25.0% in the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer’s stock worth $3,009,000 after purchasing an additional 60,000 shares during the last quarter. APG Asset Management N.V. bought a new position in shares of Ford Motor in the fourth quarter worth approximately $20,408,000. Abundance Wealth Counselors increased its position in shares of Ford Motor by 32.6% in the first quarter. Abundance Wealth Counselors now owns 157,919 shares of the auto manufacturer’s stock worth $1,594,000 after purchasing an additional 38,794 shares during the last quarter. Finally, OneAscent Financial Services LLC increased its position in shares of Ford Motor by 107.1% in the first quarter. OneAscent Financial Services LLC now owns 122,748 shares of the auto manufacturer’s stock worth $1,224,000 after purchasing an additional 63,488 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

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.