Ford Motor (NYSE:F) Given New $11.00 Price Target at JPMorgan Chase & Co.

Ford Motor (NYSE:F) had its target price lowered by JPMorgan Chase & Co. from $13.00 to $11.00 in a report released on Thursday, MarketBeat.com reports. The firm currently has an overweight rating on the auto manufacturer’s stock.

A number of other research firms have also recently issued reports on F. TD Cowen assumed coverage on shares of Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price target for the company. BNP Paribas upgraded Ford Motor to a “hold” rating in a research note on Monday, February 10th. Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Bank of America cut their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Royal Bank of Canada dropped their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.37.

Ford Motor Stock Down 3.7 %

F stock opened at $9.92 on Thursday. The firm has a market cap of $39.30 billion, a PE ratio of 6.79, a PEG ratio of 0.61 and a beta of 1.59. Ford Motor has a 1 year low of $9.06 and a 1 year high of $14.85. The company has a fifty day simple moving average of $9.76 and a 200 day simple moving average of $10.28. 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 announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share 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%. Sell-side analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

Institutional Trading of Ford Motor

Large investors have recently bought and sold shares of the stock. Mascagni Wealth Management Inc. bought a new position in Ford Motor during the 4th quarter valued at about $87,000. Chancellor Financial Group WB LP bought a new position in shares of Ford Motor in the fourth quarter valued at approximately $182,000. Tableaux LLC bought a new position in Ford Motor in the 4th quarter valued at $148,000. Northstar Financial Companies Inc. bought a new stake in shares of Ford Motor during the fourth quarter worth $154,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of Ford Motor in the fourth quarter valued at $31,000. 58.74% of the stock is currently owned by institutional investors.

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.