Ford Motor (NYSE:F) Earns Peer Perform Rating from Analysts at Wolfe Research

Wolfe Research started coverage on shares of Ford Motor (NYSE:F) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm issued a peer perform rating on the auto manufacturer’s stock.

A number of other brokerages also recently issued reports on F. StockNews.com upgraded shares of Ford Motor from a sell rating to a hold rating in a research note on Friday, August 2nd. Royal Bank of Canada lowered their target price on shares of Ford Motor from $13.00 to $10.00 and set a sector perform rating for the company in a research note on Monday, August 12th. Evercore ISI raised Ford Motor to a hold rating in a report on Friday, July 26th. Barclays decreased their price target on Ford Motor from $17.00 to $16.00 and set an overweight rating for the company in a report on Thursday, July 25th. Finally, Sanford C. Bernstein assumed coverage on Ford Motor in a report on Thursday, May 23rd. They issued an outperform rating and a $16.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Ford Motor has an average rating of Hold and an average target price of $13.48.

Ford Motor Stock Down 1.8 %

Ford Motor stock opened at $10.58 on Thursday. The firm has a market capitalization of $42.24 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.81 and a beta of 1.62. The stock’s fifty day simple moving average is $11.70 and its 200-day simple moving average is $12.15. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same period in the prior year, the business earned $0.72 EPS. Ford Motor’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts expect that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.67%. Ford Motor’s dividend payout ratio is presently 61.86%.

Hedge Funds Weigh In On Ford Motor

Institutional investors have recently modified their holdings of the business. Pinnacle Associates Ltd. lifted its position in Ford Motor by 2.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock worth $432,000 after acquiring an additional 817 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its position in Ford Motor by 29.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock valued at $44,000 after buying an additional 828 shares during the last quarter. Legacy Wealth Asset Management LLC increased its stake in Ford Motor by 1.7% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock valued at $650,000 after buying an additional 836 shares during the period. Insight Wealth Partners LLC raised its position in Ford Motor by 1.9% during the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock worth $554,000 after buying an additional 843 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its stake in shares of Ford Motor by 2.9% in the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock worth $374,000 after acquiring an additional 846 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

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.