Analysts Set Ford Motor (NYSE:F) Price Target at $14.02

Ford Motor (NYSE:F) has been given an average rating of “Hold” by the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $14.02.

A number of equities research analysts have recently commented on the company. UBS Group raised their price target on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Citigroup increased their price objective on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Piper Sandler assumed coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective for the company. Royal Bank of Canada increased their price objective on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Finally, Redburn Atlantic initiated coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target for the company.

Insider Buying and Selling

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ford Motor

Institutional investors have recently modified their holdings of the business. Newport Trust Company LLC grew its position in Ford Motor by 4.5% during the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after acquiring an additional 6,667,808 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ford Motor by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock valued at $1,068,596,000 after buying an additional 269,887 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Ford Motor by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after buying an additional 3,522,965 shares during the last quarter. Norges Bank bought a new stake in shares of Ford Motor in the 4th quarter valued at about $475,899,000. Finally, Northern Trust Corp grew its position in shares of Ford Motor by 3.8% in the 3rd quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock valued at $473,312,000 after buying an additional 1,392,408 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Trading Down 0.4 %

NYSE:F opened at $12.74 on Friday. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The business’s 50-day moving average price is $12.63 and its two-hundred day moving average price is $11.79. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $50.62 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.86 and a beta of 1.63.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts expect that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.71%. Ford Motor’s payout ratio is currently 61.86%.

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.