Brokerages Set Ford Motor Company (NYSE:F) PT at $15.65

Ford Motor Company (NYSE:F) has received an average recommendation of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $15.6750.

F has been the subject of a number of research reports. DZ Bank upgraded shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a report on Friday, July 31st. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $19.00 to $20.00 in a report on Wednesday, July 29th. Piper Sandler upped their price target on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $14.50 to $17.50 in a research note on Monday, July 27th. Finally, Barclays increased their price objective on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th.

Ford Motor Stock Down 2.4%

Shares of NYSE:F opened at $13.79 on Friday. The company has a fifty day moving average of $14.42 and a 200-day moving average of $13.48. The company has a market capitalization of $54.95 billion, a PE ratio of -7.37, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. Ford Motor has a 52-week low of $11.06 and a 52-week high of $17.78.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the previous year, the company posted $0.37 EPS. Ford Motor’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities analysts predict that Ford Motor will post 1.86 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.4%. Ford Motor’s dividend payout ratio is presently -32.09%.

Hedge Funds Weigh In On Ford Motor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Ford Motor by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock worth $6,188,776,000 after purchasing an additional 4,087,699 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Ford Motor by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock valued at $1,994,464,000 after purchasing an additional 4,089,779 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Ford Motor by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after buying an additional 1,255,349 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Ford Motor during the second quarter worth $717,218,000. Finally, Norges Bank bought a new position in Ford Motor during the fourth quarter worth $674,437,000. 58.74% of the stock is owned by institutional investors and hedge funds.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.