Ford Motor’s (F) Neutral Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group restated their neutral rating on shares of Ford Motor (NYSE:F) in a report released on Thursday morning, Marketbeat Ratings reports. They currently have a $9.00 target price on the auto manufacturer’s stock, down from their prior target price of $11.00.

A number of other brokerages have also recently issued reports on F. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Evercore ISI dropped their price target on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Piper Sandler dropped their target price on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Finally, Bank of America reduced 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. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.50.

Ford Motor Stock Performance

NYSE:F opened at $9.33 on Thursday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a fifty-two week low of $8.44 and a fifty-two week high of $14.85. The firm has a market cap of $36.96 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41. The business has a 50 day moving average price of $9.58 and a 200-day moving average price of $10.17.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.43%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

Hedge Funds Weigh In On Ford Motor

A number of large investors have recently added to or reduced their stakes in F. Vanguard Group Inc. raised its holdings in shares of Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock worth $3,980,630,000 after acquiring an additional 57,182,803 shares during the period. Norges Bank purchased a new position in Ford Motor during the fourth quarter worth about $387,282,000. Jacobs Levy Equity Management Inc. boosted its holdings in Ford Motor by 88.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer’s stock valued at $222,872,000 after purchasing an additional 10,535,335 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of Ford Motor by 2,905.1% in the 4th quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer’s stock valued at $79,096,000 after buying an additional 7,723,601 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock worth $1,278,153,000 after buying an additional 6,497,321 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.