Ford Motor (NYSE:F) Price Target Raised to $14.00

Ford Motor (NYSE:F) had its price target lifted by UBS Group from $13.00 to $14.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a neutral rating on the auto manufacturer’s stock.

Several other equities analysts also recently commented on F. Citigroup upped their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company a buy rating in a research note on Wednesday, February 7th. Morgan Stanley upped their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an overweight rating in a research note on Tuesday, February 13th. Redburn Atlantic started coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They issued a sell rating and a $10.00 price target for the company. Piper Sandler started coverage on shares of Ford Motor in a research note on Friday, March 15th. They issued a neutral rating and a $13.00 price target for the company. Finally, Royal Bank of Canada reissued a sector perform rating and issued a $12.00 price target on shares of Ford Motor in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $14.02.

Ford Motor Stock Performance

Ford Motor stock opened at $12.79 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $50.82 billion, a PE ratio of 13.19, a P/E/G ratio of 0.99 and a beta of 1.63. The firm has a fifty day simple moving average of $12.62 and a two-hundred day simple moving average of $11.79. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. The business had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. Research analysts expect that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s payout ratio is 61.86%.

Insider Activity

In other news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. grew its position in Ford Motor by 2.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock worth $432,000 after purchasing an additional 817 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Ford Motor by 29.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock worth $44,000 after buying an additional 828 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in Ford Motor by 1.7% during the first quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock worth $650,000 after buying an additional 836 shares during the period. First United Bank & Trust boosted its stake in shares of Ford Motor by 5.4% in the fourth quarter. First United Bank & Trust now owns 16,486 shares of the auto manufacturer’s stock valued at $201,000 after purchasing an additional 850 shares during the period. Finally, Lee Financial Co boosted its stake in shares of Ford Motor by 3.6% in the fourth quarter. Lee Financial Co now owns 24,836 shares of the auto manufacturer’s stock valued at $303,000 after purchasing an additional 854 shares during the period. 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.