Ford Motor Now Covered by Analysts at Ameriprise Financial (F)
Equities researchers at Ameriprise Financial initiated coverage on shares of Ford Motor (NYSE:F) in a research report issued on Friday, AmericanBankingNews.com reports. The firm set a “buy” rating on the stock.
Ford Motor (NYSE:F) traded down 1.90% during mid-day trading on Friday, hitting $14.96. The stock had a trading volume of 64,217,792 shares. Ford Motor has a 52-week low of $12.10 and a 52-week high of $18.02. The stock has a 50-day moving average of $15.86 and a 200-day moving average of $16.71. The company has a market cap of $59.009 billion and a P/E ratio of 8.65.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.31 earnings per share. Ford Motor’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Ford Motor will post $1.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders 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 3.34%. The ex-dividend date is Wednesday, January 29th. This is a positive change from Ford Motor’s previous quarterly dividend of $0.10.
A number of other analysts have also recently weighed in on F. Analysts at Deutsche Bank cut their price target on shares of Ford Motor from $20.00 to $18.50 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, 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. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Ford Motor in a research note to investors on Wednesday, January 22nd. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.74.
Ford Motor Company (NYSE:F) operates in the global automotive industry.
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