Ford Motor (NYSE:F) Price Target Raised to $12.80

Ford Motor (NYSE:FFree Report) had its price target upped by HSBC from $9.80 to $12.80 in a research note issued to investors on Tuesday,Benzinga reports. HSBC currently has a hold rating on the auto manufacturer’s stock.

Several other research firms have also commented on F. Royal Bank Of Canada boosted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Morgan Stanley lifted their target price on shares of Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Barclays boosted their price target on Ford Motor from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. The Goldman Sachs Group upped their price target on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Finally, Wells Fargo & Company lifted their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.05.

View Our Latest Report on F

Ford Motor Price Performance

Shares of F stock opened at $13.81 on Tuesday. The business’s fifty day moving average is $13.34 and its 200 day moving average is $12.33. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The stock has a market cap of $55.03 billion, a price-to-earnings ratio of 11.91 and a beta of 1.62. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.50.

Ford Motor (NYSE:FGet Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The business had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share. Research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, November 7th. Ford Motor’s dividend payout ratio (DPR) is currently 51.72%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Trust Co. of Toledo NA OH bought a new stake in Ford Motor in the 2nd quarter worth about $25,000. Corsicana & Co. purchased a new stake in shares of Ford Motor during the 3rd quarter valued at about $25,000. Grove Bank & Trust grew its stake in shares of Ford Motor by 110.7% in the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,000 shares during the period. Olistico Wealth LLC purchased a new position in shares of Ford Motor during the fourth quarter valued at approximately $26,000. Finally, Country Trust Bank bought a new position in Ford Motor during the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Key Headlines Impacting Ford Motor

Here are the key news stories impacting Ford Motor this week:

About Ford Motor

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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.

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Analyst Recommendations for Ford Motor (NYSE:F)

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