Ford Motor (F) Receives $10.99 Average Target Price from Brokerages

Ford Motor (NYSE:F) has earned a consensus recommendation of “Hold” from the twenty-one brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $10.99.

Several equities research analysts recently weighed in on the stock. Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $12.00 in a research note on Monday, October 29th. Jefferies Financial Group reiterated a “buy” rating and set a $13.00 price objective on shares of Ford Motor in a research note on Friday, October 5th. TheStreet lowered shares of Ford Motor from a “b-” rating to a “c+” rating in a research note on Monday, August 13th. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $14.00 to $10.00 in a research note on Friday, October 19th. Finally, Barclays dropped their price objective on shares of Ford Motor from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 26th.

Shares of F stock traded up $0.35 during trading hours on Friday, hitting $9.76. 824,832 shares of the company were exchanged, compared to its average volume of 38,276,368. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.21. Ford Motor has a one year low of $8.17 and a one year high of $13.48. The stock has a market capitalization of $37.39 billion, a price-to-earnings ratio of 5.47, a PEG ratio of 1.31 and a beta of 0.68.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. The business had revenue of $34.66 billion for the quarter, compared to analysts’ expectations of $32.05 billion. During the same quarter last year, the company posted $0.43 earnings per share. As a group, research analysts forecast that Ford Motor will post 1.36 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, October 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, October 22nd. This represents a $0.60 annualized dividend and a dividend yield of 6.15%. Ford Motor’s payout ratio is currently 33.71%.

In related news, Director Ray T. Charley acquired 4,000 shares of the stock in a transaction that occurred on Monday, October 29th. The shares were acquired at an average price of $12.90 per share, for a total transaction of $51,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Steven R. Armstrong sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $9.54, for a total transaction of $124,020.00. Following the transaction, the vice president now owns 94,527 shares in the company, valued at approximately $901,787.58. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its stake in Ford Motor by 1,945.1% in the 2nd quarter. Acadian Asset Management LLC now owns 15,747 shares of the auto manufacturer’s stock worth $175,000 after purchasing an additional 14,977 shares during the period. Atlas Capital Advisors LLC boosted its stake in Ford Motor by 338.8% in the 2nd quarter. Atlas Capital Advisors LLC now owns 18,367 shares of the auto manufacturer’s stock worth $199,000 after purchasing an additional 14,181 shares during the period. Dupont Capital Management Corp boosted its stake in Ford Motor by 87.8% in the 2nd quarter. Dupont Capital Management Corp now owns 235,692 shares of the auto manufacturer’s stock worth $2,609,000 after purchasing an additional 110,198 shares during the period. Aperio Group LLC boosted its stake in shares of Ford Motor by 11.4% during the 2nd quarter. Aperio Group LLC now owns 1,562,827 shares of the auto manufacturer’s stock valued at $17,301,000 after buying an additional 160,002 shares during the period. Finally, UMB Bank N A MO boosted its stake in shares of Ford Motor by 26.1% during the 2nd quarter. UMB Bank N A MO now owns 60,280 shares of the auto manufacturer’s stock valued at $668,000 after buying an additional 12,458 shares during the period. Institutional investors and hedge funds own 54.07% of the company’s stock.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.

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Analyst Recommendations for Ford Motor (NYSE:F)

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