Ford Motor (NYSE:F) Upgraded by Wolfe Research to “Peer Perform” Rating

Wolfe Research upgraded shares of Ford Motor (NYSE:F) from an underperform rating to a peer perform rating in a report issued on Wednesday, MarketBeat Ratings reports.

A number of other brokerages also recently commented on F. UBS Group decreased their target price on Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Citigroup began coverage on shares of Ford Motor in a research report on Wednesday, April 23rd. They issued a “neutral” rating and a $10.00 target price for the company. Sanford C. Bernstein cut shares of Ford Motor from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. Piper Sandler lowered their price objective on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. reduced their target price on Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.83.

Ford Motor Price Performance

F opened at $10.28 on Wednesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $9.72 and its 200 day simple moving average is $10.09. The firm has a market cap of $40.74 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 0.61 and a beta of 1.41. Ford Motor has a 1 year low of $8.44 and a 1 year high of $14.85.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 5.84%. Ford Motor’s payout ratio is 41.10%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in F. Franklin Resources Inc. lifted its holdings in shares of Ford Motor by 29.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after buying an additional 336,720 shares during the period. NCP Inc. boosted its holdings in shares of Ford Motor by 62.0% in the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock worth $738,000 after buying an additional 28,528 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Ford Motor by 3.8% during the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after buying an additional 160,409 shares during the last quarter. Alberta Investment Management Corp raised its position in Ford Motor by 87.1% in the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock worth $1,941,000 after acquiring an additional 91,300 shares during the period. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in shares of Ford Motor during the 4th quarter worth $10,853,000. Institutional investors own 58.74% of the company’s stock.

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.