Ford Motor (NYSE:F) Price Target Raised to $10.00 at The Goldman Sachs Group

Ford Motor (NYSE:F) had its price objective hoisted by The Goldman Sachs Group from $9.00 to $10.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the auto manufacturer’s stock.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company lowered their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada dropped their target price on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Citigroup assumed coverage on Ford Motor in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $10.00 price target for the company. TD Cowen began coverage on shares of Ford Motor in a report on Friday, March 7th. They issued a “hold” rating and a $10.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.00.

Ford Motor Trading Down 0.0 %

Ford Motor stock opened at $10.28 on Tuesday. Ford Motor has a one year low of $8.44 and a one year high of $14.85. The business’s fifty day moving average is $9.79 and its 200 day moving average is $10.07. The stock has a market capitalization of $40.72 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

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

Ford Motor Announces Dividend

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 given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Monday, May 12th. Ford Motor’s dividend payout ratio is currently 48.00%.

Hedge Funds Weigh In On Ford Motor

Several hedge funds have recently modified their holdings of the stock. Grove Bank & Trust boosted its position in shares of Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,882 shares during the last quarter. Hager Investment Management Services LLC bought a new position in Ford Motor during the fourth quarter valued at $26,000. Elite Financial Inc. purchased a new position in shares of Ford Motor in the 1st quarter worth $27,000. Olde Wealth Management LLC bought a new stake in shares of Ford Motor in the 1st quarter worth about $28,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Ford Motor during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.