Ford Motor (NYSE:F) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Ford Motor (NYSE:F) had its target price reduced by JPMorgan Chase & Co. from $17.00 to $16.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the auto manufacturer’s stock.

Several other brokerages have also issued reports on F. UBS Group decreased their target price on Ford Motor from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. DZ Bank upgraded Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 target price for the company in a research note on Friday, July 31st. Weiss Ratings lowered Ford Motor from a “buy (b)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Royal Bank Of Canada upped their price target on Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 29th. Finally, Barclays upped their price target on Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.36.

Ford Motor Price Performance

Shares of NYSE F opened at $12.03 on Monday. Ford Motor has a 1 year low of $11.11 and a 1 year high of $17.78. The stock has a market capitalization of $47.99 billion, a P/E ratio of 7.29, a P/E/G ratio of 0.25 and a beta of 1.93. The company’s 50-day moving average is $13.39 and its 200 day moving average is $13.56. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. The business had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. Ford Motor’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.37 earnings per share. On average, sell-side analysts expect that Ford Motor will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.0%. Ford Motor’s payout ratio is presently -32.09%.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mather Group LLC. lifted its stake in shares of Ford Motor by 204.9% in the 3rd quarter. Mather Group LLC. now owns 63,414 shares of the auto manufacturer’s stock worth $765,000 after purchasing an additional 42,618 shares during the period. Triumph Capital Management boosted its holdings in shares of Ford Motor by 18.4% in the third quarter. Triumph Capital Management now owns 14,890 shares of the auto manufacturer’s stock worth $180,000 after buying an additional 2,317 shares during the last quarter. Sanders Morris Harris LLC purchased a new position in shares of Ford Motor in the third quarter worth approximately $305,000. Firethorn Wealth Partners LLC boosted its holdings in shares of Ford Motor by 5.3% in the third quarter. Firethorn Wealth Partners LLC now owns 18,170 shares of the auto manufacturer’s stock worth $219,000 after buying an additional 920 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its position in Ford Motor by 117.5% during the third quarter. First Citizens Bank & Trust Co. now owns 80,574 shares of the auto manufacturer’s stock valued at $972,000 after buying an additional 43,522 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.