Royal Bank of Canada Increases Ford Motor (NYSE:F) Price Target to $13.00

Ford Motor (NYSE:F) had its price target increased by stock analysts at Royal Bank of Canada from $12.00 to $13.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “sector perform” rating on the auto manufacturer’s stock. Royal Bank of Canada’s price objective points to a potential upside of 1.80% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. UBS Group boosted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday. Piper Sandler began coverage on Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Citigroup increased their target price on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Redburn Atlantic initiated coverage on Ford Motor in a report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target for the company. Finally, Barclays raised their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.02.

Ford Motor Stock Performance

Ford Motor stock opened at $12.77 on Thursday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 1.04. The firm’s fifty day moving average price is $12.62 and its 200 day moving average price is $11.79. The company has a market capitalization of $50.74 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.01 and a beta of 1.63. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, research analysts forecast that Ford Motor will post 1.94 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Newport Trust Company LLC grew its holdings in Ford Motor by 4.5% during the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after acquiring an additional 6,667,808 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Ford Motor by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock valued at $1,068,596,000 after purchasing an additional 269,887 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Ford Motor by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after purchasing an additional 3,522,965 shares during the last quarter. Norges Bank bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $475,899,000. Finally, Northern Trust Corp lifted its stake in Ford Motor by 3.8% during the third quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock valued at $473,312,000 after purchasing an additional 1,392,408 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

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.