Wells Fargo & Company Cuts Ford Motor (NYSE:F) Price Target to $9.00

Ford Motor (NYSE:F) had its price objective decreased by Wells Fargo & Company from $10.00 to $9.00 in a research report report published on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an underweight rating on the auto manufacturer’s stock.

Other research analysts have also recently issued research reports about the company. Sanford C. Bernstein initiated coverage on Ford Motor in a research report on Thursday, May 23rd. They issued an outperform rating and a $16.00 price target for the company. Evercore ISI upgraded shares of Ford Motor to a hold rating in a report on Friday, July 26th. The Goldman Sachs Group reduced their price target on shares of Ford Motor from $14.00 to $12.00 and set a neutral rating on the stock in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a $11.00 price target on shares of Ford Motor in a research report on Tuesday. Finally, Barclays cut their price objective on Ford Motor from $17.00 to $16.00 and set an overweight rating for the company in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $12.95.

Ford Motor Price Performance

Shares of F opened at $10.63 on Tuesday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The firm has a 50-day simple moving average of $11.51 and a 200-day simple moving average of $12.10. The company has a market capitalization of $42.42 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62.

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

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.65%. Ford Motor’s payout ratio is currently 61.86%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. lifted its stake in shares of Ford Motor by 13.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 13,019 shares of the auto manufacturer’s stock valued at $163,000 after purchasing an additional 1,550 shares in the last quarter. Bluefin Capital Management LLC purchased a new stake in shares of Ford Motor in the second quarter worth about $291,000. SS&H Financial Advisors Inc. grew its stake in shares of Ford Motor by 23.1% in the second quarter. SS&H Financial Advisors Inc. now owns 36,250 shares of the auto manufacturer’s stock valued at $454,000 after buying an additional 6,800 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Ford Motor during the 2nd quarter valued at about $7,459,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Ford Motor during the 2nd quarter worth approximately $124,000. Institutional investors and hedge funds 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.