Ford Motor (NYSE:F) Price Target Cut to $14.00

Ford Motor (NYSE:F) had its price target lowered by Barclays from $16.00 to $14.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the auto manufacturer’s stock.

Several other analysts have also recently weighed in on F. Evercore ISI raised shares of Ford Motor to a hold rating in a research note on Friday, July 26th. StockNews.com upgraded Ford Motor from a sell rating to a hold rating in a research report on Friday, August 2nd. Wolfe Research assumed coverage on Ford Motor in a report on Thursday, September 5th. They set a peer perform rating on the stock. Morgan Stanley cut shares of Ford Motor from an overweight rating to an equal weight rating and lowered their price objective for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company reduced their price objective on Ford Motor from $10.00 to $9.00 and set an underweight rating on the stock in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $12.56.

Ford Motor Stock Performance

NYSE F opened at $10.84 on Tuesday. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The stock has a market cap of $43.28 billion, a P/E ratio of 11.18, a PEG ratio of 0.77 and a beta of 1.62. The company’s 50-day simple moving average is $10.68 and its 200 day simple moving average is $11.81.

Ford Motor (NYSE:F) last issued 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 return on equity of 15.28% and a net margin of 2.13%. The company 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 posted $0.72 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, research analysts forecast that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 5.54%. Ford Motor’s dividend payout ratio is 61.86%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Olistico Wealth LLC acquired a new stake in Ford Motor during the 2nd quarter worth $25,000. Family Firm Inc. bought a new stake in shares of Ford Motor in the second quarter worth about $26,000. Financial Synergies Wealth Advisors Inc. raised its position in shares of Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,938 shares during the period. Quarry LP bought a new position in shares of Ford Motor during the 2nd quarter valued at about $27,000. Finally, Ridgewood Investments LLC acquired a new position in shares of Ford Motor in the 2nd quarter valued at approximately $28,000. 58.74% of the stock is 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.