Ford Motor Company (NYSE:F) Given Average Rating of “Hold” by Analysts

Ford Motor Company (NYSE:F) has been given an average recommendation of “Hold” by the seventeen analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.0357.

Several equities analysts recently commented on F shares. Piper Sandler upped their price target on shares of Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. The Goldman Sachs Group upped their price objective on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Wells Fargo & Company increased their target price on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. Evercore ISI boosted their price target on Ford Motor from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Monday, November 24th. Finally, Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and upped their price target for the stock from $9.00 to $12.00 in a research note on Monday, October 6th.

Ford Motor Stock Down 2.7%

Shares of NYSE:F opened at $13.31 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. The firm has a market cap of $53.01 billion, a price-to-earnings ratio of 11.47 and a beta of 1.60. The stock’s 50-day moving average price is $12.90 and its two-hundred day moving average price is $11.89. Ford Motor has a 12-month low of $8.44 and a 12-month high of $13.99.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The business had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. During the same period in the prior year, the firm posted $0.49 EPS. The company’s revenue was up 9.4% on a year-over-year basis. On average, research analysts forecast that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, November 7th. Ford Motor’s dividend payout ratio is 51.72%.

Institutional Investors Weigh In On Ford Motor

Institutional investors have recently bought and sold shares of the business. Trust Co. of Toledo NA OH purchased a new position in shares of Ford Motor in the 2nd quarter valued at $25,000. Corsicana & Co. purchased a new stake in Ford Motor during the 3rd quarter worth $25,000. Country Trust Bank acquired a new stake in Ford Motor in the 2nd quarter valued at $27,000. Capital A Wealth Management LLC raised its position in Ford Motor by 990.9% in the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 2,279 shares during the period. Finally, Johnson Financial Group Inc. raised its position in Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after purchasing an additional 837 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.