Ford Motor (NYSE:F) Price Target Raised to $9.00

Ford Motor (NYSE:F) had its target price boosted by Barclays from $8.00 to $9.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the auto manufacturer’s stock.

Several other equities analysts have also commented on F. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Monday. Sanford C. Bernstein downgraded shares of Ford Motor from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. BNP Paribas raised shares of Ford Motor to a “hold” rating in a research note on Monday, February 10th. Bank of America cut their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, The Goldman Sachs Group lifted their target price on Ford Motor from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $10.00.

Ford Motor Price Performance

F opened at $10.28 on Tuesday. Ford Motor has a 52-week low of $8.44 and a 52-week high of $14.85. The company has a 50 day moving average of $9.79 and a two-hundred day moving average of $10.07. The company has a market cap of $40.72 billion, a P/E ratio of 7.04, a P/E/G ratio of 0.61 and a beta of 1.53. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. The firm had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. On average, analysts expect 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, June 2nd. Investors of record on Monday, May 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 5.84%. Ford Motor’s dividend payout ratio (DPR) is 48.00%.

Hedge Funds Weigh In On Ford Motor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Grove Bank & Trust grew its holdings in Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,882 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Ford Motor in the fourth quarter worth $26,000. Elite Financial Inc. acquired a new position in shares of Ford Motor during the first quarter valued at $27,000. Olde Wealth Management LLC bought a new stake in shares of Ford Motor during the first quarter valued at about $28,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Ford Motor in the fourth quarter worth about $29,000. 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.