Analysts Set Ford Motor (NYSE:F) Price Target at $11.68

Ford Motor (NYSE:F) has received an average recommendation of “Hold” from the seventeen brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $11.50.

A number of research firms have recently commented on F. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Royal Bank of Canada dropped their target price on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company dropped their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Evercore ISI dropped their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Finally, Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Chancellor Financial Group WB LP acquired a new position in shares of Ford Motor in the 4th quarter worth approximately $182,000. Tableaux LLC acquired a new position in shares of Ford Motor in the 4th quarter worth approximately $148,000. Northstar Financial Companies Inc. acquired a new position in shares of Ford Motor in the 4th quarter worth approximately $154,000. Wood Tarver Financial Group LLC acquired a new position in Ford Motor during the 4th quarter valued at approximately $31,000. Finally, Probity Advisors Inc. boosted its position in Ford Motor by 18.6% during the 4th quarter. Probity Advisors Inc. now owns 33,055 shares of the auto manufacturer’s stock valued at $327,000 after purchasing an additional 5,193 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

NYSE F opened at $10.03 on Tuesday. The business’s 50-day moving average price is $9.73 and its 200 day moving average price is $10.31. Ford Motor has a twelve month low of $9.06 and a twelve month high of $14.85. The company has a market capitalization of $39.73 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last released its quarterly earnings data 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 predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.99%. Ford Motor’s payout ratio is 41.10%.

About Ford Motor

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.