Ford Motor (NYSE:F) Price Target Cut to $9.00

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

F has been the subject of several other reports. Sanford C. Bernstein initiated coverage on Ford Motor in a report on Thursday, May 23rd. They issued an outperform rating and a $16.00 price target for the company. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a $11.00 price target on shares of Ford Motor in a research note on Tuesday. The Goldman Sachs Group lowered their price objective on shares of Ford Motor from $14.00 to $12.00 and set a neutral rating for the company in a research report on Thursday, July 25th. Evercore ISI raised shares of Ford Motor to a hold rating in a research report on Friday, July 26th. Finally, Wolfe Research started coverage on Ford Motor in a report on Thursday, September 5th. They set a peer perform rating for the company. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $12.95.

Ford Motor Stock Performance

Shares of NYSE:F opened at $10.32 on Tuesday. The company has a market capitalization of $41.00 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 0.77 and a beta of 1.62. The firm’s 50 day simple moving average is $11.61 and its 200 day simple moving average is $12.12. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85.

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

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Institutional Investors Weigh In On Ford Motor

A number of large investors have recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. increased its holdings in shares of Ford Motor by 2.6% in the first quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock valued at $432,000 after purchasing an additional 817 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Ford Motor by 29.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock worth $44,000 after buying an additional 828 shares during the period. Legacy Wealth Asset Management LLC grew its stake in Ford Motor by 1.7% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock valued at $650,000 after buying an additional 836 shares during the last quarter. Insight Wealth Partners LLC raised its holdings in Ford Motor by 1.9% in the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after acquiring an additional 843 shares during the period. Finally, Pallas Capital Advisors LLC lifted its position in Ford Motor by 2.9% during the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock worth $374,000 after acquiring an additional 846 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

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.