Bank of America Issues Positive Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its target price raised by Bank of America from $17.00 to $20.00 in a report released on Friday morning,Benzinga reports. Bank of America currently has a buy rating on the auto manufacturer’s stock.

F has been the topic of a number of other reports. Wells Fargo & Company dropped their price target on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research report on Friday, March 27th. Morgan Stanley reissued an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research report on Wednesday, May 13th. Citigroup dropped their price target on shares of Ford Motor from $13.50 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $13.00 price target on shares of Ford Motor in a research report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $13.77.

Ford Motor Stock Up 5.1%

Shares of NYSE F opened at $17.49 on Friday. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The company has a 50-day moving average price of $12.72 and a 200-day moving average price of $13.13. Ford Motor has a 1 year low of $9.88 and a 1 year high of $17.78. The stock has a market capitalization of $69.70 billion, a P/E ratio of -11.29, a P/E/G ratio of 0.37 and a beta of 1.65.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. During the same period last year, the firm earned $0.14 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that Ford Motor will post 1.6 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, May 12th. Ford Motor’s payout ratio is currently -38.71%.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Grove Bank & Trust raised its position in shares of Ford Motor by 110.7% in the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,000 shares during the period. MV Capital Management Inc. bought a new stake in shares of Ford Motor in the fourth quarter valued at approximately $25,000. McMillan Office Inc. bought a new stake in shares of Ford Motor in the fourth quarter valued at approximately $26,000. Olistico Wealth LLC bought a new stake in shares of Ford Motor in the fourth quarter valued at approximately $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Ford Motor in the fourth quarter valued at approximately $29,000. 58.74% of the stock is currently owned by institutional investors.

Key Ford Motor News

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: Bank of America raised its price target on Ford to $20 from $17 and reiterated a buy rating, signaling further upside potential. Benzinga article
• Positive Sentiment: Ford has been identified as a top-ranked momentum stock, which can attract traders looking for recent winners and help extend the rally.
• Positive Sentiment: Investors are increasingly focused on Ford’s battery pivot and new subsidiary, viewing it as a possible multi-year growth driver beyond traditional vehicle sales. Benzinga article
• Positive Sentiment: Coverage comparing Ford with General Motors highlighted how legacy automakers are benefiting from AI-related and battery-storage opportunities, not just new-car sales. Barrons article
• Positive Sentiment: Ford has also been discussed on CNBC’s “Final Trades,” which can reinforce bullish sentiment and keep the stock on traders’ radar. Benzinga article

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.