Barclays Cuts Ford Motor (NYSE:F) Price Target to $13.00

Ford Motor (NYSE:F) had its price target decreased by Barclays from $14.00 to $13.00 in a report released on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the auto manufacturer’s stock.

F has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 price objective on shares of Ford Motor in a research report on Tuesday, September 10th. Evercore ISI raised Ford Motor to a “hold” rating in a research note on Friday, July 26th. Wells Fargo & Company decreased their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.41.

Ford Motor Stock Performance

Shares of F stock opened at $10.29 on Tuesday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.15. The stock has a market capitalization of $40.89 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.90 and a beta of 1.62. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The company’s 50-day simple moving average is $10.82 and its 200-day simple moving average is $11.63.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. Equities analysts anticipate that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Hedge Funds Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in F. Miracle Mile Advisors LLC bought a new position in Ford Motor in the 1st quarter worth $139,000. Claro Advisors LLC increased its position in Ford Motor by 12.5% during the first quarter. Claro Advisors LLC now owns 14,686 shares of the auto manufacturer’s stock worth $195,000 after acquiring an additional 1,626 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Ford Motor by 0.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,375,847 shares of the auto manufacturer’s stock valued at $124,511,000 after purchasing an additional 51,035 shares during the period. Norden Group LLC acquired a new stake in Ford Motor in the 1st quarter worth $3,593,000. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of Ford Motor by 27.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 89,915 shares of the auto manufacturer’s stock worth $1,194,000 after purchasing an additional 19,256 shares during the period. 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.