Citigroup Issues Positive Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price target raised by Citigroup from $11.00 to $13.50 in a report released on Monday,Benzinga reports. Citigroup currently has a neutral rating on the auto manufacturer’s stock.

Several other equities analysts also recently issued reports on F. Piper Sandler lifted their price objective on Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Ford Motor in a research report on Tuesday, October 14th. UBS Group lifted their price objective on Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Monday, October 6th. Barclays lifted their price objective on Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their target price on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.61.

Ford Motor Price Performance

Shares of NYSE:F opened at $13.23 on Monday. Ford Motor has a 1-year low of $8.44 and a 1-year high of $13.97. The firm has a market capitalization of $52.63 billion, a PE ratio of 11.40, a PEG ratio of 4.08 and a beta of 1.53. The business’s 50 day moving average is $11.89 and its 200-day moving average is $11.10. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The business had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.Ford Motor’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS. Sell-side analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.60 annualized dividend and a yield of 4.5%. Ford Motor’s dividend payout ratio is currently 51.72%.

Hedge Funds Weigh In On Ford Motor

Large investors have recently made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new stake in Ford Motor during the second quarter worth approximately $25,000. Corsicana & Co. acquired a new stake in Ford Motor during the third quarter worth approximately $25,000. Elite Financial Inc. acquired a new stake in Ford Motor during the first quarter worth approximately $27,000. Country Trust Bank acquired a new stake in Ford Motor during the second quarter worth approximately $27,000. Finally, Capital A Wealth Management LLC grew its position in Ford Motor by 990.9% during the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 2,279 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

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.