Ford Motor (NYSE:F) Price Target Cut to $9.00 by Analysts at Wells Fargo & Company

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

Several other research analysts have also weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of Ford Motor from $14.00 to $12.00 and set a neutral rating for the company in a report on Thursday, July 25th. StockNews.com raised Ford Motor from a sell rating to a hold rating in a report on Friday, August 2nd. Royal Bank of Canada reduced their target price on Ford Motor from $13.00 to $10.00 and set a sector perform rating on the stock in a report on Monday, August 12th. Barclays lowered their price target on Ford Motor from $17.00 to $16.00 and set an overweight rating for the company in a report on Thursday, July 25th. Finally, Sanford C. Bernstein assumed coverage on Ford Motor in a research note on Thursday, May 23rd. They set an outperform rating and a $16.00 price objective on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $12.95.

Ford Motor Trading Up 1.7 %

NYSE:F opened at $10.63 on Tuesday. The stock has a market cap 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 has a one year low of $9.49 and a one year high of $14.85. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The business’s 50-day simple moving average is $11.51 and its 200 day simple moving average is $12.10.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

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

Hedge Funds Weigh In On Ford Motor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Ford Motor in the fourth quarter worth about $475,899,000. Coatue Management LLC acquired a new stake in shares of Ford Motor in the 4th quarter worth approximately $149,152,000. Dimensional Fund Advisors LP boosted its holdings in shares of Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after acquiring an additional 7,793,944 shares in the last quarter. Newport Trust Company LLC increased its stake in shares of 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 valued at $1,891,610,000 after acquiring an additional 6,667,808 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Ford Motor by 6.3% during the fourth quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock worth $721,047,000 after purchasing an additional 3,521,520 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.