Ford Motor (NYSE:F) Price Target Cut to $15.00 by Analysts at Citigroup

Ford Motor (NYSE:FGet Rating) had its price objective decreased by Citigroup from $16.00 to $15.00 in a research report sent to investors on Tuesday morning, MarketBeat.com reports. Citigroup currently has a neutral rating on the auto manufacturer’s stock.

Several other equities analysts have also issued reports on F. Berenberg Bank started coverage on shares of Ford Motor in a report on Tuesday, May 10th. They issued a hold rating and a $17.00 price target on the stock. Benchmark cut their price target on shares of Ford Motor from $25.00 to $23.00 and set a maintains rating on the stock in a report on Monday. Tigress Financial lifted their price target on shares of Ford Motor from $20.00 to $22.00 and gave the stock a buy rating in a report on Friday, May 20th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Ford Motor from $12.00 to $13.00 in a report on Thursday, July 28th. Finally, BNP Paribas began coverage on shares of Ford Motor in a research note on Monday, April 11th. They set an outperform rating for the company. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $17.63.

Ford Motor Stock Performance

Shares of F stock opened at $15.16 on Tuesday. The firm has a market cap of $60.94 billion, a price-to-earnings ratio of 5.30, a PEG ratio of 0.83 and a beta of 1.33. The company’s 50 day moving average is $12.48 and its 200 day moving average is $15.20. The company has a quick ratio of 1.00, a current ratio of 1.16 and a debt-to-equity ratio of 1.92. Ford Motor has a 52-week low of $10.61 and a 52-week high of $25.87.

Ford Motor (NYSE:FGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The auto manufacturer reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.24. The company had revenue of $37.91 billion for the quarter, compared to analyst estimates of $35.17 billion. Ford Motor had a net margin of 7.86% and a return on equity of 16.91%. Ford Motor’s revenue was up 57.1% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. On average, sell-side analysts anticipate that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th will be given a $0.15 dividend. The ex-dividend date is Wednesday, August 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.96%. This is an increase from Ford Motor’s previous quarterly dividend of $0.10. Ford Motor’s dividend payout ratio is 13.99%.

Insiders Place Their Bets

In other Ford Motor news, insider Ashwani Kumar Galhotra sold 25,892 shares of the company’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $12.41, for a total value of $321,319.72. Following the completion of the transaction, the insider now owns 511,605 shares in the company, valued at $6,349,018.05. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Motor Co Ford sold 8,000,000 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $26.80, for a total transaction of $214,400,000.00. Following the completion of the sale, the insider now owns 93,947,494 shares of the company’s stock, valued at $2,517,792,839.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ashwani Kumar Galhotra sold 25,892 shares of the business’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $12.41, for a total transaction of $321,319.72. Following the sale, the insider now directly owns 511,605 shares of the company’s stock, valued at approximately $6,349,018.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,025,892 shares of company stock worth $402,881,320. Company insiders own 0.71% of the company’s stock.

Institutional Trading of Ford Motor

A number of institutional investors and hedge funds have recently modified their holdings of F. TFG Advisers LLC lifted its holdings in shares of Ford Motor by 3.2% in the 4th quarter. TFG Advisers LLC now owns 17,784 shares of the auto manufacturer’s stock worth $369,000 after acquiring an additional 549 shares during the last quarter. Northeast Financial Consultants Inc lifted its holdings in shares of Ford Motor by 1.4% in the 4th quarter. Northeast Financial Consultants Inc now owns 41,529 shares of the auto manufacturer’s stock worth $863,000 after acquiring an additional 581 shares during the last quarter. Wade G W & Inc. lifted its holdings in shares of Ford Motor by 3.4% in the 4th quarter. Wade G W & Inc. now owns 17,890 shares of the auto manufacturer’s stock worth $372,000 after acquiring an additional 587 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Ford Motor by 14.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,312 shares of the auto manufacturer’s stock worth $59,000 after acquiring an additional 659 shares during the last quarter. Finally, Waterfront Wealth Inc. lifted its holdings in shares of Ford Motor by 4.8% in the 4th quarter. Waterfront Wealth Inc. now owns 14,481 shares of the auto manufacturer’s stock worth $301,000 after acquiring an additional 663 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Ford Motor Company Profile

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Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

Further Reading

Analyst Recommendations for Ford Motor (NYSE:F)

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