Ford Motor (NYSE:F) Given New $13.00 Price Target at JPMorgan Chase & Co.

Ford Motor (NYSE:F - Free Report) had its price objective decreased by JPMorgan Chase & Co. from $14.00 to $13.00 in a research report sent to investors on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto manufacturer's stock.

Several other brokerages also recently weighed in on F. Sanford C. Bernstein downgraded shares of Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 target price for the company. in a research note on Thursday, November 7th. Wells Fargo & Company lowered their target price on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a research note on Thursday. Wolfe Research reiterated an "underperform" rating on shares of Ford Motor in a research note on Thursday, December 5th. Barclays downgraded shares of Ford Motor from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada lowered their price objective on shares of Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a research note on Thursday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $11.89.

Ford Motor Stock Up 0.2 %

F stock traded up $0.02 during trading on Friday, hitting $9.26. 71,916,275 shares of the company's stock traded hands, compared to its average volume of 80,408,703. The firm has a market capitalization of $36.78 billion, a P/E ratio of 6.34, a PEG ratio of 1.80 and a beta of 1.63. The business has a fifty day simple moving average of $10.06 and a two-hundred day simple moving average of $10.52. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. Ford Motor has a 1 year low of $9.12 and a 1 year high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Sell-side analysts anticipate that Ford Motor will post 1.7 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.48%. Ford Motor's payout ratio is 41.10%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in F. Algert Global LLC purchased a new position in Ford Motor in the second quarter valued at $214,000. Czech National Bank increased its holdings in Ford Motor by 6.5% in the third quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer's stock valued at $8,403,000 after buying an additional 48,456 shares in the last quarter. Watts Gwilliam & Co. LLC purchased a new position in Ford Motor in the third quarter valued at $149,000. San Luis Wealth Advisors LLC increased its stake in shares of Ford Motor by 129.4% during the third quarter. San Luis Wealth Advisors LLC now owns 49,634 shares of the auto manufacturer's stock worth $524,000 after purchasing an additional 27,997 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Ford Motor by 270.7% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 25,169 shares of the auto manufacturer's stock worth $266,000 after purchasing an additional 18,380 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Company Profile

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.