Ford Motor (NYSE:F) PT Raised to $13.00 at Royal Bank of Canada

Ford Motor (NYSE:F) had its price target raised by Royal Bank of Canada from $12.00 to $13.00 in a research note released on Thursday morning, Benzinga reports. They currently have a sector perform rating on the auto manufacturer’s stock.

A number of other analysts have also weighed in on F. Citigroup upped their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. UBS Group increased their price target on Ford Motor from $13.00 to $14.00 and gave the company a neutral rating in a research note on Thursday. Piper Sandler started coverage on Ford Motor in a report on Friday, March 15th. They issued a neutral rating and a $13.00 price objective for the company. Redburn Atlantic began coverage on Ford Motor in a report on Wednesday, January 24th. They set a sell rating and a $10.00 target price on the stock. Finally, Morgan Stanley upped their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an overweight rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $14.02.

Ford Motor Trading Down 1.9 %

Ford Motor stock opened at $12.79 on Thursday. The firm has a 50-day moving average price of $12.62 and a two-hundred day moving average price of $11.78. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The firm has a market capitalization of $50.82 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 0.99 and a beta of 1.63. The company has a quick ratio of 1.04, a current ratio of 1.17 and a debt-to-equity ratio of 2.32.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Sell-side analysts expect that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.69%. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Insiders Place Their Bets

In related news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. grew its stake in Ford Motor by 835.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,839 shares in the last quarter. Fortis Group Advisors LLC grew its stake in shares of Ford Motor by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 1,086 shares in the last quarter. Milestone Investment Advisors LLC acquired a new position in Ford Motor in the third quarter worth approximately $27,000. Voisard Asset Management Group Inc. bought a new position in Ford Motor during the fourth quarter valued at approximately $27,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its stake in Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 1,938 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Company Profile

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.