Ford Motor Given New $21.00 Price Target at Jefferies Group (F)
Analysts at Jefferies Group increased their price target on shares of Ford Motor (NYSE:F) from $20.00 to $21.00 in a research report issued to clients and investors on Friday, AmericanBankingNews.com reports. Jefferies Group’s target price would indicate a potential upside of 18.24% from the company’s current price.
Shares of Ford Motor (NYSE:F) traded down 1.20% on Friday, hitting $17.547. 25,967,988 shares of the company’s stock traded hands. Ford Motor has a 1-year low of $9.31 and a 1-year high of $17.68. The stock has a 50-day moving average of $16.82 and a 200-day moving average of $15.06. The company has a market cap of $69.129 billion and a P/E ratio of 11.70. Ford Motor also was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 52,159 put options on the stock. This is an increase of approximately 239% compared to the average daily volume of 15,377 put options.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.09. The company had revenue of $36.00 billion for the quarter, compared to the consensus estimate of $34.07 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. On average, analysts predict that Ford Motor will post $1.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Investors 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 2.25%. 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 Credit Agricole upgraded shares of Ford Motor from an “underperform” rating to an “outperform” rating in a research note to investors on Friday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Ford Motor in a research note to investors on Wednesday. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Ford Motor from $21.00 to $23.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.00.
Ford Motor Company (NYSE:F) operates in the global automotive industry.
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