Ford Motor (NYSE:F) Price Target Raised to $16.00

Ford Motor (NYSE:F) had its target price lifted by JPMorgan Chase & Co. from $15.00 to $16.00 in a research report sent to investors on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto manufacturer’s stock.

Other equities analysts also recently issued reports about the company. BNP Paribas Exane increased their target price on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. TD Cowen dropped their price objective on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Barclays increased their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Bank of America raised their target price on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, UBS Group upped their price target on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average target price of $14.79.

Ford Motor Stock Down 0.0%

F stock opened at $14.22 on Friday. The company has a 50 day moving average price of $14.30 and a two-hundred day moving average price of $13.40. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The stock has a market capitalization of $56.68 billion, a P/E ratio of -9.18, a PEG ratio of 0.32 and a beta of 1.82. Ford Motor has a one year low of $10.68 and a one year high of $17.78.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The company had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 EPS. As a group, sell-side analysts expect that Ford Motor will post 1.66 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a yield of 4.2%. Ford Motor’s payout ratio is -38.71%.

Institutional Trading of Ford Motor

Large investors have recently bought and sold shares of the company. Caxton Associates LLP purchased a new stake in Ford Motor during the 1st quarter worth $304,000. Empowered Funds LLC lifted its holdings in Ford Motor by 41.6% in the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after buying an additional 43,385 shares in the last quarter. Jump Financial LLC purchased a new position in Ford Motor in the 2nd quarter valued at about $172,000. NewEdge Advisors LLC grew its stake in shares of Ford Motor by 26.3% during the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after acquiring an additional 55,741 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of Ford Motor by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after acquiring an additional 26,526 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

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.