Ford Motor (NYSE:F) PT Raised to $13.00 at Royal Bank of Canada

Ford Motor (NYSE:F) had its target price upped by Royal Bank of Canada from $12.00 to $13.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a sector perform rating on the auto manufacturer’s stock.

A number of other brokerages also recently issued reports on F. Redburn Atlantic began coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a sell rating and a $10.00 target price for the company. Barclays raised their target price on Ford Motor from $15.00 to $16.00 and gave the stock an overweight rating in a research note on Thursday, April 11th. UBS Group raised their target price on Ford Motor from $13.00 to $14.00 and gave the stock a neutral rating in a research note on Thursday. Citigroup raised their price objective on Ford Motor from $15.00 to $16.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. Finally, Piper Sandler started coverage on Ford Motor in a research report on Friday, March 15th. They set a neutral rating and a $13.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $14.02.

Ford Motor Stock Down 1.9 %

NYSE F opened at $12.79 on Thursday. The business has a fifty day moving average price of $12.62 and a 200 day moving average price of $11.79. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.04 and a current ratio of 1.17. The company has a market cap of $50.82 billion, a P/E ratio of 13.19, a P/E/G ratio of 0.99 and a beta of 1.63.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the prior year, the company earned $0.63 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Research analysts anticipate that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Insider Transactions at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its stake in Ford Motor by 835.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,839 shares during the period. Fortis Group Advisors LLC boosted its stake in shares of Ford Motor by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 1,086 shares during the period. Milestone Investment Advisors LLC acquired a new stake in shares of Ford Motor during the third quarter worth about $27,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Ford Motor during the fourth quarter worth about $27,000. Finally, Financial Synergies Wealth Advisors Inc. boosted its stake 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 buying an additional 1,938 shares during the period. Hedge funds and other 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.