Evercore ISI Cuts Ford Motor (NYSE:F) Price Target to $10.00

Ford Motor (NYSE:F) had its price target decreased by Evercore ISI from $11.00 to $10.00 in a research report sent to investors on Monday,Benzinga reports. Evercore ISI currently has an in-line rating on the auto manufacturer’s stock.

Several other equities analysts have also recently issued reports on the company. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and decreased their price target for the company from $12.00 to $9.00 in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft decreased their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.89.

Ford Motor Stock Performance

Shares of NYSE:F opened at $9.24 on Monday. Ford Motor has a twelve month low of $9.10 and a twelve month high of $14.85. The firm has a market cap of $36.72 billion, a PE ratio of 6.33, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.98 and a current ratio of 1.16. The business has a fifty day moving average of $10.00 and a 200-day moving average of $10.50.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, equities research analysts predict that Ford Motor will post 1.7 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

Institutional Investors Weigh In On Ford Motor

Hedge funds have recently modified their holdings of the business. Hager Investment Management Services LLC acquired a new stake in Ford Motor in the 4th quarter valued at approximately $26,000. Bank of Jackson Hole Trust acquired a new stake in Ford Motor in the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC acquired a new stake in Ford Motor in the 4th quarter valued at approximately $30,000. Reston Wealth Management LLC acquired a new stake in Ford Motor in the 3rd quarter valued at approximately $33,000. Finally, Kentucky Trust Co acquired a new stake in Ford Motor in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds 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.