Ford Motor Company (NYSE:F) Stock Has Average Target Price of $15.36

Shares of Ford Motor Company (NYSE:F) have earned an average rating of “Hold” from the nineteen ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $15.36.

Several analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Dbs Bank upgraded Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. cut their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Piper Sandler lifted their target price on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th.

Institutional Trading of Ford Motor

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Ford Motor in the second quarter valued at approximately $4,649,131,000. State Street Corp raised its holdings in Ford Motor by 0.8% during the second quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock worth $2,697,153,000 after purchasing an additional 1,492,186 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Ford Motor by 318.0% during the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock worth $1,006,703,000 after buying an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Ford Motor during the 2nd quarter worth approximately $717,218,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Ford Motor by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock worth $547,379,000 after buying an additional 1,585,557 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

Ford Motor stock opened at $12.14 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The company has a 50-day moving average price of $13.26 and a 200 day moving average price of $13.58. Ford Motor has a 12-month low of $11.11 and a 12-month high of $17.78. The stock has a market cap of $48.41 billion, a P/E ratio of -6.49, a PEG ratio of 0.25 and a beta of 1.93.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same period in the previous year, the business posted $0.37 EPS. Ford Motor’s revenue was down 3.8% on a year-over-year basis. Sell-side analysts anticipate that Ford Motor will post 1.86 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.9%. Ford Motor’s dividend payout ratio is currently -32.09%.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.