Royal Bank Of Canada restated their sector perform rating on shares of Ford Motor Company (NYSE:F) in a research note released on Monday morning, Marketbeat.com reports. They currently have a $13.00 price target on the auto manufacturer’s stock.
Other equities research analysts also recently issued reports about the stock. Guggenheim started coverage on shares of Ford Motor in a research note on Wednesday, June 21st. They issued a neutral rating and a $13.00 target price for the company. Deutsche Bank AG reiterated a hold rating and issued a $14.00 target price on shares of Ford Motor in a research note on Friday, June 30th. Vetr downgraded shares of Ford Motor from a strong-buy rating to a buy rating and set a $12.78 target price for the company. in a research note on Tuesday, July 4th. BidaskClub upgraded shares of Ford Motor from a sell rating to a hold rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research downgraded shares of Ford Motor from a hold rating to a strong sell rating in a research note on Monday, July 10th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $12.44.
Shares of Ford Motor (NYSE F) opened at 12.23 on Monday. The firm has a 50 day moving average price of $11.87 and a 200-day moving average price of $11.32. Ford Motor has a 12 month low of $10.47 and a 12 month high of $13.27. The firm has a market cap of $48.57 billion, a PE ratio of 12.87 and a beta of 1.12.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The company had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. Ford Motor’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. On average, analysts predict that Ford Motor will post $1.75 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 23rd will be given a $0.15 dividend. The ex-dividend date is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.91%. Ford Motor’s payout ratio is 63.16%.
In related news, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the transaction, the vice president now directly owns 10 shares of the company’s stock, valued at $110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven R. Armstrong sold 22,076 shares of Ford Motor stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total transaction of $273,080.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 217,700 shares of company stock valued at $2,486,044. 1.08% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in F. Balentine LLC increased its stake in Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after acquiring an additional 231 shares during the last quarter. Captrust Financial Advisors bought a new position in Ford Motor in the second quarter valued at approximately $106,000. Archford Capital Strategies LLC increased its stake in Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after acquiring an additional 676 shares during the last quarter. Reilly Financial Advisors LLC increased its stake in Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after acquiring an additional 150 shares during the last quarter. Finally, Kelman Lazarov Inc. bought a new position in Ford Motor in the second quarter valued at approximately $116,000. 54.33% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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