The Goldman Sachs Group reissued their neutral rating on shares of Ford Motor (NYSE:F - Free Report) in a report published on Thursday morning, Marketbeat reports. They currently have a $9.00 target price on the auto manufacturer's stock, down from their prior target price of $11.00.
A number of other research firms have also commented on F. Wells Fargo & Company cut their price objective on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a research report on Thursday, February 6th. TD Cowen began coverage on Ford Motor in a research report on Friday, March 7th. They set a "hold" rating and a $10.00 price objective on the stock. BNP Paribas upgraded shares of Ford Motor to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. cut their target price on shares of Ford Motor from $13.00 to $11.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, Jefferies Financial Group lowered Ford Motor from a "hold" rating to an "underperform" rating and lowered their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $10.50.
View Our Latest Report on F
Ford Motor Stock Up 3.6 %
Shares of Ford Motor stock traded up $0.34 during trading hours on Thursday, reaching $9.67. The company's stock had a trading volume of 103,662,715 shares, compared to its average volume of 70,324,746. The company has a market capitalization of $38.33 billion, a P/E ratio of 6.62, a P/E/G ratio of 0.61 and a beta of 1.41. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a one year low of $8.44 and a one year high of $14.85. The stock's fifty day simple moving average is $9.58 and its two-hundred day simple moving average is $10.17.
Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, research analysts forecast that Ford Motor will post 1.47 earnings per share for the current year.
Ford Motor Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.20%. Ford Motor's dividend payout ratio is currently 41.10%.
Institutional Investors Weigh In On Ford Motor
Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Ford Motor by 16.6% during the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock valued at $3,980,630,000 after buying an additional 57,182,803 shares during the period. Norges Bank bought a new position in Ford Motor during the 4th quarter worth about $387,282,000. Jacobs Levy Equity Management Inc. increased its position in Ford Motor by 88.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer's stock valued at $222,872,000 after purchasing an additional 10,535,335 shares during the period. Voloridge Investment Management LLC raised its holdings in shares of Ford Motor by 2,905.1% in the 4th quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer's stock valued at $79,096,000 after purchasing an additional 7,723,601 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Ford Motor by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock worth $1,278,153,000 after buying an additional 6,497,321 shares in the last quarter. 58.74% of the stock is owned by institutional investors.
Ford Motor Company Profile
(
Get Free Report)
Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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