Ford Motor Company Given Buy Rating at Citigroup Inc. (F)
Ford Motor Company (NYSE:F)‘s stock had its “buy” rating reaffirmed by Citigroup Inc. in a research note issued on Tuesday. They currently have a $21.00 price objective on the stock, up from their previous price objective of $19.00. Citigroup Inc.’s target price would suggest a potential upside of 18.64% from the company’s current price.
Shares of Ford Motor Company (NYSE:F) traded up 0.51% during mid-day trading on Tuesday, hitting $17.79. 11,916,725 shares of the company’s stock traded hands. Ford Motor Company has a 52 week low of $14.40 and a 52 week high of $18.08. The stock has a 50-day moving average of $17.0 and a 200-day moving average of $16.03. The company has a market cap of $70.346 billion and a price-to-earnings ratio of 11.01. Ford Motor Company also was the target of a large decline in short interest in June. As of June 30th, there was short interest totalling 72,331,960 shares, a decline of 6.0% from the June 13th total of 76,943,545 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 25,970,049 shares, the days-to-cover ratio is currently 2.8 days.
Ford Motor Company (NYSE:F) last announced its earnings results on Friday, April 25th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.06. The company had revenue of $35.60 billion for the quarter, compared to the consensus estimate of $34.06 billion. During the same quarter last year, the company posted $0.41 earnings per share. Ford Motor Company’s revenue was up .0% compared to the same quarter last year. On average, analysts predict that Ford Motor Company will post $1.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Friday, August 1st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, July 30th.
F has been the subject of a number of other recent research reports. Analysts at Goldman Sachs raised their price target on shares of Ford Motor Company from $18.00 to $21.00 in a research note on Monday, July 14th. Separately, analysts at Barclays raised their price target on shares of Ford Motor Company from $19.00 to $20.00 in a research note on Monday, July 14th. They now have an “equal weight” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Ford Motor Company in a research note on Tuesday, June 24th. They now have a $17.00 price target on the stock. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Ford Motor Company has an average rating of “Buy” and a consensus target price of $19.14.
Ford Motor Company (NYSE:F) is a producer of automobiles.
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