Ford Motor (NYSE:F) Given New $12.00 Price Target at The Goldman Sachs Group

Ford Motor (NYSE:F) had its price target increased by The Goldman Sachs Group from $11.00 to $12.00 in a research report sent to investors on Monday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the auto manufacturer’s stock.

F has been the subject of several other research reports. Royal Bank Of Canada boosted their target price on Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 5th. Jefferies Financial Group increased their target price on Ford Motor from $8.00 to $9.00 and gave the stock an “underperform” rating in a research note on Monday, August 11th. Dbs Bank lowered shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. upped their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Finally, UBS Group lifted their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $10.57.

Ford Motor Trading Up 0.7%

Shares of Ford Motor stock opened at $12.10 on Monday. Ford Motor has a twelve month low of $8.44 and a twelve month high of $12.31. 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 business has a 50-day moving average price of $11.51 and a 200-day moving average price of $10.77. The firm has a market cap of $48.16 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 3.45 and a beta of 1.52.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The business had revenue of $50.18 billion during the quarter, compared to analysts’ expectations of $42.91 billion. During the same period last year, the company posted $0.47 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Equities research analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.0%. Ford Motor’s payout ratio is 76.92%.

Institutional Trading of Ford Motor

Several large investors have recently modified their holdings of the business. Grove Bank & Trust boosted its stake 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 valued at $25,000 after buying an additional 1,882 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in Ford Motor during the 2nd quarter valued at $25,000. Elite Financial Inc. acquired a new position in Ford Motor during the 1st quarter worth $27,000. Country Trust Bank bought a new stake in shares of Ford Motor in the 2nd quarter worth about $27,000. Finally, Capital A Wealth Management LLC raised its stake in shares of Ford Motor by 990.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 2,279 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

About Ford Motor

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.