Ford Motor (NYSE:F) Price Target Raised to $15.00

Ford Motor (NYSE:FFree Report) had its price target raised by TD Cowen from $13.00 to $15.00 in a research note published on Tuesday morning,Benzinga reports. TD Cowen currently has a hold rating on the auto manufacturer’s stock.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. increased their price target on Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Evercore ISI increased their target price on Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a report on Monday, December 22nd. Wall Street Zen upgraded Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Royal Bank Of Canada upped their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, October 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.05.

Read Our Latest Research Report on Ford Motor

Ford Motor Stock Down 0.2%

F opened at $13.81 on Tuesday. The firm has a market cap of $55.03 billion, a price-to-earnings ratio of 11.91 and a beta of 1.62. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The firm’s 50-day simple moving average is $13.34 and its 200-day simple moving average is $12.33. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.50.

Ford Motor (NYSE:FGet Free Report) last released its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Equities research analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Ford Motor’s dividend payout ratio is presently 51.72%.

Institutional Investors Weigh In On Ford Motor

Institutional investors and hedge funds have recently modified their holdings of the business. Trust Co. of Toledo NA OH bought a new position in Ford Motor in the second quarter valued at approximately $25,000. Corsicana & Co. acquired a new position in shares of Ford Motor in the 3rd quarter valued at $25,000. Grove Bank & Trust lifted its stake in shares of Ford Motor by 110.7% in the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,000 shares during the period. Olistico Wealth LLC bought a new position in shares of Ford Motor in the 4th quarter worth $26,000. Finally, Country Trust Bank acquired a new stake in shares of Ford Motor during the second quarter worth $27,000. 58.74% of the stock is owned by institutional investors.

Key Headlines Impacting Ford Motor

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

Ford Motor Company Profile

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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.

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