Ford Motor (NYSE:F) Receives $9.93 Consensus PT from Brokerages

Ford Motor (NYSE:F) has been assigned a consensus rating of “Reduce” from the seventeen research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $10.00.

Several research firms recently commented on F. Sanford C. Bernstein lowered shares of Ford Motor from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. UBS Group reduced their price objective on Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Barclays boosted their target price on Ford Motor from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday. TD Cowen began coverage on Ford Motor in a research report on Friday, March 7th. They set a “hold” rating and a $10.00 price target on the stock. Finally, Piper Sandler lowered their price objective on Ford Motor from $9.00 to $8.50 and set a “neutral” rating for the company in a research report on Tuesday.

Ford Motor Trading Up 1.7 %

Ford Motor stock opened at $10.45 on Wednesday. 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 stock has a market cap of $41.42 billion, a P/E ratio of 7.16, a PEG ratio of 0.61 and a beta of 1.53. The firm’s fifty day moving average price is $9.81 and its 200-day moving average price is $10.06.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The firm had revenue of $40.66 billion for the quarter, compared to analysts’ expectations of $35.99 billion. During the same quarter last year, the firm posted $0.49 EPS. The company’s revenue was down 6.2% compared to the same quarter last year. Equities research analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Monday, May 12th. Ford Motor’s dividend payout ratio (DPR) is 48.00%.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Ford Motor by 13.8% during the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock valued at $4,590,333,000 after buying an additional 55,576,478 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Ford Motor by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after purchasing an additional 10,947,527 shares during the period. Geode Capital Management LLC increased its stake in shares of Ford Motor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock worth $830,662,000 after purchasing an additional 2,089,127 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock valued at $492,253,000 after purchasing an additional 48,378,444 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Ford Motor by 11.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer’s stock valued at $460,444,000 after buying an additional 4,925,993 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other 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.