The Goldman Sachs Group Lowers Ford Motor (NYSE:F) Price Target to $12.00

Ford Motor (NYSE:F) had its price target cut by The Goldman Sachs Group from $14.00 to $12.00 in a report published on Thursday morning, Marketbeat.com reports. They currently have a neutral rating on the auto manufacturer’s stock.

F has been the subject of a number of other research reports. Royal Bank of Canada lifted their price objective on Ford Motor from $12.00 to $13.00 and gave the company a sector perform rating in a research report on Thursday, April 25th. UBS Group lifted their price objective on Ford Motor from $13.00 to $14.00 and gave the company a neutral rating in a research report on Thursday, April 25th. Sanford C. Bernstein began coverage on Ford Motor in a research report on Thursday, May 23rd. They issued an outperform rating and a $16.00 price objective for the company. Barclays lowered their price objective on Ford Motor from $17.00 to $16.00 and set an overweight rating for the company in a research report on Thursday. Finally, Citigroup lifted their price objective on Ford Motor from $16.00 to $18.00 and gave the company a buy rating in a research report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $13.79.

Ford Motor Stock Performance

NYSE F opened at $11.19 on Thursday. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $14.85. The stock has a market cap of $44.67 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 0.73 and a beta of 1.62. The business has a fifty day moving average of $12.55 and a 200-day moving average of $12.42. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same period last year, the firm earned $0.72 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. As a group, analysts predict that Ford Motor will post 1.98 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

Insiders Place Their Bets

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the transaction, the director now owns 168,601 shares in the company, valued at $2,038,386.09. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Olistico Wealth LLC acquired a new position in shares of Ford Motor in the second quarter worth about $25,000. Fortis Group Advisors LLC raised its stake in Ford Motor by 100.0% during the fourth 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. Family Firm Inc. acquired a new stake in Ford Motor during the second quarter valued at approximately $26,000. Voisard Asset Management Group Inc. acquired a new stake in Ford Motor during the fourth quarter valued at approximately $27,000. Finally, Financial Synergies Wealth Advisors Inc. raised its stake in Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,938 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

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.