Ford Motor (NYSE:F) Price Target Cut to $8.50 by Analysts at Piper Sandler

Ford Motor (NYSE:F) had its target price reduced by Piper Sandler from $9.00 to $8.50 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the auto manufacturer’s stock.

Other equities research analysts have also recently issued reports about the company. UBS Group cut their target price on Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $9.00 target price (down from $11.00) on shares of Ford Motor in a research note on Thursday, April 10th. TD Cowen initiated coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, Wolfe Research raised Ford Motor from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.93.

Ford Motor Trading Up 2.7 %

Ford Motor stock opened at $10.45 on Tuesday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a 1 year low of $8.44 and a 1 year high of $14.85. The firm’s 50-day moving average is $9.75 and its 200-day moving average is $10.07. The company has a market cap of $41.40 billion, a P/E ratio of 7.15, a PEG ratio of 0.61 and a beta of 1.53.

Ford Motor (NYSE:F) last issued its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16. The company had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Ford Motor’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, equities analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.74%. Ford Motor’s payout ratio is currently 48.00%.

Institutional Investors Weigh In On Ford Motor

Large investors have recently modified their holdings of the stock. Grove Bank & Trust raised its holdings in Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,882 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of Ford Motor in the fourth quarter worth approximately $26,000. Elite Financial Inc. acquired a new stake in shares of Ford Motor during the first quarter valued at approximately $27,000. Olde Wealth Management LLC purchased a new stake in shares of Ford Motor in the 1st quarter valued at approximately $28,000. Finally, Bank of Jackson Hole Trust acquired a new position in Ford Motor in the 4th quarter worth approximately $29,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Company Profile

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.