Goldman Sachs Group set a $13.00 target price on Ford Motor (NYSE:F) in a report published on Thursday morning, TipRanks reports. The brokerage currently has a buy rating on the auto manufacturer’s stock.
Several other research analysts have also recently issued reports on F. Seaport Global Securities initiated coverage on shares of Ford Motor in a report on Wednesday, February 13th. They issued a neutral rating and a $8.46 target price for the company. They noted that the move was a valuation call. ValuEngine raised shares of Ford Motor from a sell rating to a hold rating in a report on Friday, March 1st. Nomura cut shares of Ford Motor from a neutral rating to a reduce rating and reduced their target price for the company from $8.20 to $7.50 in a report on Friday, April 5th. Citigroup reiterated a reduce rating on shares of Ford Motor in a research report on Wednesday, April 10th. Finally, Morgan Stanley set a $10.00 price target on shares of Ford Motor and gave the stock a hold rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Ford Motor has a consensus rating of Hold and a consensus price target of $10.54.
Ford Motor stock opened at $9.96 on Thursday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.10 and a current ratio of 1.22. The firm has a market cap of $39.30 billion, a PE ratio of 7.66, a P/E/G ratio of 0.98 and a beta of 1.13. Ford Motor has a fifty-two week low of $7.41 and a fifty-two week high of $12.05.
The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, April 24th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $0.60 annualized dividend and a dividend yield of 6.02%. Ford Motor’s payout ratio is 46.15%.
In related news, Director John C. Lechleiter acquired 10,000 shares of Ford Motor stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average cost of $10.32 per share, for a total transaction of $103,200.00. Following the acquisition, the director now owns 55,000 shares in the company, valued at $567,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Catherine A. O’callaghan sold 53,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $10.33, for a total transaction of $547,490.00. Following the completion of the sale, the vice president now owns 48,275 shares in the company, valued at $498,680.75. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Motco increased its stake in shares of Ford Motor by 1,162.6% during the first quarter. Motco now owns 2,904 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 2,674 shares during the period. JNBA Financial Advisors increased its stake in shares of Ford Motor by 100.0% during the first quarter. JNBA Financial Advisors now owns 3,000 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 1,500 shares during the period. Stone House Investment Management LLC purchased a new stake in shares of Ford Motor during the first quarter worth approximately $27,000. Berman Capital Advisors LLC increased its stake in shares of Ford Motor by 46.6% during the first quarter. Berman Capital Advisors LLC now owns 3,553 shares of the auto manufacturer’s stock worth $31,000 after buying an additional 1,130 shares during the period. Finally, WP Advisors LLC purchased a new stake in shares of Ford Motor during the first quarter worth approximately $32,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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