Ford Motor PT Raised to $16.00 (F)
Equities researchers at Guggenheim boosted their target price on shares of Ford Motor (NYSE:F) from $13.00 to $16.00 in a research report issued on Friday, American Banking & Market News reports. The firm currently has a “neutral” rating on the stock. Guggenheim’s price objective suggests a potential downside of 9.09% from the stock’s previous close.
A number of other analysts have also recently weighed in on F. Analysts at Jefferies Group raised their price target on shares of Ford Motor from $20.00 to $21.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Ford Motor in a research note to investors on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.82.
Shares of Ford Motor (NYSE:F) opened at 17.60 on Friday. Ford Motor has a 52-week low of $9.31 and a 52-week high of $17.68. The stock’s 50-day moving average is $16.82 and its 200-day moving average is $15.06. The company has a market cap of $69.338 billion and a price-to-earnings ratio of 11.70. Ford Motor also was the target of some unusual options trading activity on Wednesday. Traders purchased 52,159 put options on the stock. This is an increase of approximately 239% compared to the typical volume of 15,377 put options.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that Ford Motor will post $1.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Stockholders 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 2.27%. The ex-dividend date of this dividend is Wednesday, October 30th.
Ford Motor Company (NYSE:F) operates in the global automotive industry.
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