Ford Motor (NYSE:F) Price Target Raised to $14.00

Ford Motor (NYSE:F) had its price objective hoisted by Evercore ISI from $12.00 to $14.00 in a report issued on Monday,Benzinga reports. They currently have an in-line rating on the auto manufacturer’s stock.

Several other research analysts have also weighed in on the company. Morgan Stanley lifted their target price on Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Royal Bank Of Canada raised their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, October 24th. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and raised their price target for the company from $9.00 to $12.00 in a report on Monday, October 6th. Wells Fargo & Company upped their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Friday, October 24th. Finally, Citigroup lifted their price target on shares of Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.18.

Ford Motor Stock Up 0.4%

Shares of F opened at $13.34 on Monday. The firm has a market capitalization of $53.15 billion, a price-to-earnings ratio of 11.50 and a beta of 1.60. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. Ford Motor has a 52 week low of $8.44 and a 52 week high of $13.99. The business’s fifty day moving average price is $13.08 and its two-hundred day moving average price is $12.00.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The business had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. Ford Motor’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 7th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, November 7th. Ford Motor’s payout ratio is 51.72%.

Institutional Investors Weigh In On Ford Motor

A number of large investors have recently made changes to their positions in F. Trust Co. of Toledo NA OH bought a new stake in Ford Motor during the 2nd quarter valued at approximately $25,000. Corsicana & Co. purchased a new stake in Ford Motor during the 3rd quarter valued at $25,000. Country Trust Bank bought a new stake in shares of Ford Motor in the 2nd quarter worth $27,000. Capital A Wealth Management LLC raised its stake in shares of Ford Motor by 990.9% in the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 2,279 shares during the last quarter. Finally, Johnson Financial Group Inc. raised its stake in shares of Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

About Ford Motor

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.