Wolfe Research Begins Coverage on Ford Motor (NYSE:F)

Wolfe Research assumed coverage on shares of Ford Motor (NYSE:F) in a research report report published on Thursday morning, MarketBeat.com reports. The firm issued a peer perform rating on the auto manufacturer’s stock.

F has been the subject of several other reports. Evercore ISI upgraded Ford Motor to a hold rating in a research report on Friday, July 26th. Sanford C. Bernstein started coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They issued an outperform rating and a $16.00 target price for the company. StockNews.com raised shares of Ford Motor from a sell rating to a hold rating in a research note on Friday, August 2nd. Royal Bank of Canada cut their price objective on shares of Ford Motor from $13.00 to $10.00 and set a sector perform rating for the company in a report on Monday, August 12th. Finally, The Goldman Sachs Group lowered their target price on Ford Motor from $14.00 to $12.00 and set a neutral rating on the stock in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $13.48.

Ford Motor Stock Down 1.8 %

Ford Motor stock opened at $10.58 on Thursday. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The stock has a market capitalization of $42.24 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62. The business has a 50 day simple moving average of $11.70 and a 200-day simple moving average of $12.15. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. During the same period in the previous year, the firm posted $0.72 EPS. Ford Motor’s revenue was up 6.3% compared to the same quarter last year. On average, analysts anticipate that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were given a $0.15 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.67%. Ford Motor’s dividend payout ratio is currently 61.86%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new stake in Ford Motor in the 2nd quarter valued at approximately $7,459,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Ford Motor in the second quarter valued at $124,000. Kimelman & Baird LLC purchased a new stake in shares of Ford Motor in the 2nd quarter valued at $30,000. Gateway Wealth Partners LLC lifted its stake in Ford Motor by 123.4% during the 2nd quarter. Gateway Wealth Partners LLC now owns 28,256 shares of the auto manufacturer’s stock worth $354,000 after acquiring an additional 15,608 shares in the last quarter. Finally, Quarry LP purchased a new position in Ford Motor during the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.