Ford Motor Price Target Cut to $18.50 by Analysts at Deutsche Bank (F)
Equities researchers at Deutsche Bank cut their target price on shares of Ford Motor (NYSE:F) from $20.00 to $18.50 in a research report issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 17.68% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee cut their price target on shares of Ford Motor from $19.00 to $18.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Ford Motor in a research note to investors on Wednesday, January 22nd. Finally, analysts at ISI Group initiated coverage on shares of Ford Motor in a research note to investors on Monday, January 13th. They set a “strong-buy” rating and a $22.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $19.74.
Shares of Ford Motor (NYSE:F) traded down 2.37% during mid-day trading on Wednesday, hitting $15.225. 40,589,456 shares of the company’s stock traded hands. Ford Motor has a one year low of $12.10 and a one year high of $18.02. The stock’s 50-day moving average is $15.93 and its 200-day moving average is $16.73. The company has a market cap of $60.054 billion and a price-to-earnings ratio of 11.01.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $36.30 billion for the quarter, compared to the consensus estimate of $35.40 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts predict that Ford Motor will post $1.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Investors of record on Friday, January 31st will be paid a dividend of 0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Wednesday, January 29th. This is an increase from Ford Motor’s previous quarterly dividend of $0.10.
Ford Motor Company (NYSE:F) operates in the global automotive industry.
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