Barclays Issues Positive Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its target price boosted by Barclays from $13.00 to $14.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has an equal weight rating on the auto manufacturer’s stock.

Several other research firms have also issued reports on F. UBS Group lifted their price target on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 price objective on shares of Ford Motor in a research report on Friday, May 15th. Citigroup raised their price objective on Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Wall Street Zen upgraded Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Wells Fargo & Company boosted their target price on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.77.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $13.61 on Thursday. Ford Motor has a 52 week low of $10.68 and a 52 week high of $17.78. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The stock has a market cap of $54.21 billion, a PE ratio of -8.78, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. The company’s 50-day moving average price is $14.06 and its two-hundred day moving average price is $13.37.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. As a group, sell-side analysts anticipate that Ford Motor will post 1.64 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 4.4%. Ford Motor’s dividend payout ratio is currently -38.71%.

Hedge Funds Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in F. 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 purchasing an additional 1,000 shares in the last quarter. MV Capital Management Inc. bought a new stake in Ford Motor in the 4th quarter valued at $25,000. Olistico Wealth LLC bought a new position in Ford Motor during the fourth quarter valued at about $26,000. McMillan Office Inc. acquired a new position in shares of Ford Motor in the fourth quarter valued at $26,000. Finally, Legacy Wealth Managment LLC ID raised its position in Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,230 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Key Stories Impacting Ford Motor

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

• Positive Sentiment: Ford and Micron announced a long-term strategic automotive supply agreement covering memory and storage solutions for Ford’s next-generation vehicles, which should help secure component supply for future in-vehicle technology and support Ford’s software-defined vehicle strategy. Micron (MU), Ford (F) Announce Strategic Automotive Supply Agreement
• Positive Sentiment: Barclays raised its price target on Ford to $14 from $13, signaling improved valuation expectations even though the rating remains “equal weight.”
• Positive Sentiment: Zacks Research upgraded Ford from “hold” to “strong-buy,” and another Zacks article highlighted Ford as a value stock, reinforcing the view that the shares may be undervalued relative to fundamentals.
• Neutral Sentiment: Multiple recent articles noted Ford’s partnership with Micron and its inclusion on Zacks’ Strong Buy list, which may help sentiment but are largely commentary on the same catalyst rather than new developments. Ford Joins Its Partner Micron on the Coveted Zacks Rank #1 (Strong Buy) List
• Negative Sentiment: Reports that Ford’s U.S. sales fell in the second quarter could weigh on investor sentiment by raising concerns about near-term demand and volume trends. Ford Motor Company (F) Reports Drop in US Sales in the Second Quarter

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.