Ford Motor (NYSE:F) Price Target Raised to $16.00 at JPMorgan Chase & Co.

Ford Motor (NYSE:F) had its target price lifted by JPMorgan Chase & Co. from $15.00 to $16.00 in a research report released on Friday morning,Benzinga reports. They currently have an overweight rating on the auto manufacturer’s stock.

A number of other research firms have also recently commented on F. The Goldman Sachs Group raised their price target on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. UBS Group lifted their price objective on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Bank of America boosted their target price on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Morgan Stanley restated an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.79.

Ford Motor Stock Performance

Shares of F opened at $14.22 on Friday. The business has a 50-day simple moving average of $14.30 and a two-hundred day simple moving average of $13.40. The stock has a market cap of $56.68 billion, a price-to-earnings ratio of -9.18, a PEG ratio of 0.32 and a beta of 1.82. Ford Motor has a 52 week low of $10.68 and a 52 week high of $17.78. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping 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 analysts’ expectations of $42.66 billion. During the same quarter last year, the business earned $0.14 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. On average, analysts expect that Ford Motor will post 1.66 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) is presently -38.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Grove Bank & Trust boosted its holdings in Ford Motor by 110.7% in the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,000 shares in the last quarter. MV Capital Management Inc. acquired a new stake in Ford Motor in the 4th quarter worth approximately $25,000. Olistico Wealth LLC purchased a new stake in Ford Motor during the 4th quarter worth approximately $26,000. McMillan Office Inc. purchased a new stake in Ford Motor during the 4th quarter worth approximately $26,000. Finally, Legacy Wealth Managment LLC ID increased its stake in Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,230 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

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.