Ford Motor (NYSE:F) Price Target Raised to $12.00 at Evercore ISI

Ford Motor (NYSE:F) had its target price raised by Evercore ISI from $10.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an in-line rating on the auto manufacturer’s stock.

F has been the topic of a number of other research reports. Piper Sandler boosted their price target on shares of Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Royal Bank Of Canada boosted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Barclays upped their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and increased their target price for the stock from $9.00 to $12.00 in a report on Monday, October 6th. Finally, Wells Fargo & Company raised their target price on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.88.

Ford Motor Stock Up 0.9%

F opened at $12.95 on Monday. Ford Motor has a one year low of $8.44 and a one year high of $13.97. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The stock’s fifty day moving average is $12.44 and its 200-day moving average is $11.56. The company has a market capitalization of $51.60 billion, a PE ratio of 11.16, a P/E/G ratio of 4.03 and a beta of 1.60.

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

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, November 7th. Ford Motor’s dividend payout ratio is presently 51.72%.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd bought a new stake in shares of Ford Motor in the first quarter valued at approximately $520,000. Avantax Advisory Services Inc. raised its holdings in Ford Motor by 20.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 281,901 shares of the auto manufacturer’s stock worth $2,827,000 after purchasing an additional 48,355 shares during the last quarter. Assetmark Inc. grew its stake in Ford Motor by 51.9% during the first quarter. Assetmark Inc. now owns 10,668 shares of the auto manufacturer’s stock worth $107,000 after purchasing an additional 3,646 shares during the period. TD Asset Management Inc boosted its stake in Ford Motor by 2.9% during the first quarter. TD Asset Management Inc now owns 1,692,619 shares of the auto manufacturer’s stock worth $16,977,000 after acquiring an additional 47,321 shares in the last quarter. Finally, Empirical Finance LLC boosted its holdings in Ford Motor by 2.4% in the first quarter. Empirical Finance LLC now owns 137,078 shares of the auto manufacturer’s stock worth $1,375,000 after acquiring an additional 3,190 shares in the last quarter. 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.