Ford Motor (NYSE:F) Given New $18.00 Price Target at Citigroup

Ford Motor (NYSE:F) had its target price boosted by Citigroup from $16.00 to $18.00 in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the auto manufacturer’s stock.

F has been the subject of a number of other research reports. UBS Group lifted their target price on Ford Motor from $13.00 to $14.00 and gave the company a neutral rating in a report on Thursday, April 25th. Redburn Atlantic started coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They issued a sell rating and a $10.00 target price on the stock. Royal Bank of Canada boosted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company a sector perform rating in a research report on Thursday, April 25th. Barclays increased their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. Finally, Piper Sandler initiated coverage on Ford Motor in a research report on Friday, March 15th. They set a neutral rating and a $13.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ford Motor presently has an average rating of Hold and an average target price of $13.74.

Ford Motor Stock Performance

NYSE:F traded down $0.06 during trading hours on Thursday, reaching $12.43. The stock had a trading volume of 47,463,317 shares, compared to its average volume of 54,173,800. The stock has a market cap of $49.39 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. The stock has a 50 day simple moving average of $12.64 and a 200 day simple moving average of $11.80. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42.

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

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be given 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 4.83%. Ford Motor’s payout ratio is 61.86%.

Insider Activity

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction that occurred 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 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 the SEC website. Insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pinnacle Associates Ltd. increased its position in Ford Motor by 2.6% during the first quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock valued at $432,000 after acquiring an additional 817 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Ford Motor by 29.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock valued at $44,000 after purchasing an additional 828 shares during the period. Legacy Wealth Asset Management LLC increased its position in shares of Ford Motor by 1.7% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock valued at $650,000 after purchasing an additional 836 shares during the last quarter. First United Bank & Trust lifted its stake in shares of Ford Motor by 5.4% in the 4th quarter. First United Bank & Trust now owns 16,486 shares of the auto manufacturer’s stock worth $201,000 after purchasing an additional 850 shares during the period. Finally, Lee Financial Co boosted its holdings in shares of Ford Motor by 3.6% in the fourth quarter. Lee Financial Co now owns 24,836 shares of the auto manufacturer’s stock worth $303,000 after buying an additional 854 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

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.