Morgan Stanley Reaffirms Overweight Rating for Ford Motor (NYSE:F)

Morgan Stanley restated their overweight rating on shares of Ford Motor (NYSE:F) in a report released on Thursday morning, Benzinga reports. Morgan Stanley currently has a $16.00 target price on the auto manufacturer’s stock.

F has been the topic of several other research reports. Royal Bank of Canada dropped their price objective on shares of Ford Motor from $13.00 to $10.00 and set a sector perform rating on the stock in a research note on Monday, August 12th. Wells Fargo & Company dropped their price target on shares of Ford Motor from $10.00 to $9.00 and set an underweight rating on the stock in a research note on Tuesday, September 10th. Evercore ISI raised Ford Motor to a hold rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a $11.00 target price on shares of Ford Motor in a research report on Tuesday, September 10th. Finally, Sanford C. Bernstein assumed coverage on Ford Motor in a report on Thursday, May 23rd. They set an outperform rating and a $16.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $12.95.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $10.69 on Thursday. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The stock has a market cap of $42.50 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 0.76 and a beta of 1.62. The business has a fifty day simple moving average of $11.47 and a 200-day simple moving average of $12.09.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The business had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 earnings per share. On average, sell-side analysts anticipate that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s dividend payout ratio is 61.86%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Olistico Wealth LLC bought a new stake in shares of Ford Motor in the second quarter valued at approximately $25,000. Financial Synergies Wealth Advisors Inc. boosted its holdings in Ford Motor by 1,997.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,938 shares during the period. Family Firm Inc. acquired a new stake in Ford Motor in the 2nd quarter worth $26,000. Quarry LP bought a new position in shares of Ford Motor during the 2nd quarter worth about $27,000. Finally, Fortis Group Advisors LLC raised its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

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.