Ford Motor Given New $20.00 Price Target at Barclays (F)
Equities researchers at Barclays raised their target price on shares of Ford Motor (NYSE:F) from $19.00 to $20.00 in a research report issued on Wednesday, Analyst Ratings News reports. The firm currently has an “equal weight” rating on the stock. Barclays’ target price would indicate a potential upside of 15.67% from the company’s current price.
Ford Motor (NYSE:F) traded up 1.89% on Wednesday, hitting $17.29. 33,098,328 shares of the company’s stock traded hands. Ford Motor has a 52 week low of $9.97 and a 52 week high of $17.77. The stock has a 50-day moving average of $17.07 and a 200-day moving average of $15.73. The company has a market cap of $68.117 billion and a price-to-earnings ratio of 11.18.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.08. The company had revenue of $33.30 billion for the quarter, compared to the consensus estimate of $35.15 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, analysts predict that Ford Motor will post $1.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Shareholders of record on Friday, November 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, October 30th.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Ford Motor in a research note to investors on Tuesday. Separately, analysts at Argus reiterated a “buy” rating on shares of Ford Motor in a research note to investors on Tuesday. They now have a $23.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Ford Motor has a consensus rating of “Hold” and an average price target of $19.53.
Ford Motor Company (NYSE:F) operates in the global automotive industry.
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