Ford Motor (NYSE:F) Given Average Recommendation of “Reduce” by Brokerages

Shares of Ford Motor (NYSE:F) have been given a consensus rating of “Reduce” by the fourteen analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $11.83.

F has been the topic of several analyst reports. Wells Fargo & Company cut their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their price target for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a report on Thursday, November 7th.

Ford Motor Stock Up 0.4 %

Shares of Ford Motor stock opened at $9.92 on Thursday. The firm has a market cap of $39.42 billion, a PE ratio of 11.27, a P/E/G ratio of 1.90 and a beta of 1.64. The business’s 50 day simple moving average is $10.52 and its 200 day simple moving average is $11.07. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same period last year, the company earned $0.39 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio is presently 68.18%.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors have recently made changes to their positions in F. Meridian Financial Partners LLC grew its stake in shares of Ford Motor by 1.1% in the third quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock valued at $903,000 after acquiring an additional 953 shares in the last quarter. Apollon Wealth Management LLC grew its position in shares of Ford Motor by 1.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock worth $982,000 after purchasing an additional 969 shares in the last quarter. Beaird Harris Wealth Management LLC increased its holdings in shares of Ford Motor by 3.0% during the second quarter. Beaird Harris Wealth Management LLC now owns 33,534 shares of the auto manufacturer’s stock worth $421,000 after purchasing an additional 982 shares during the period. Pure Financial Advisors LLC raised its position in shares of Ford Motor by 6.6% in the third quarter. Pure Financial Advisors LLC now owns 16,096 shares of the auto manufacturer’s stock valued at $170,000 after buying an additional 990 shares in the last quarter. Finally, PBMares Wealth Management LLC boosted its stake in shares of Ford Motor by 9.0% in the third quarter. PBMares Wealth Management LLC now owns 11,976 shares of the auto manufacturer’s stock valued at $126,000 after buying an additional 991 shares during the period. 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.