Royal Bank of Canada Raises Ford Motor (NYSE:F) Price Target to $13.00

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

Other equities analysts also recently issued research reports about the stock. Citigroup raised their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Redburn Atlantic assumed coverage on shares of Ford Motor in a report on Wednesday, January 24th. They issued a sell rating and a $10.00 price objective on the stock. Barclays raised their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an overweight rating in a report on Thursday, April 11th. Morgan Stanley raised their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an overweight rating in a report on Tuesday, February 13th. Finally, UBS Group raised their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock a neutral rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $14.02.

Ford Motor Stock Performance

Shares of F stock opened at $12.79 on Thursday. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The company’s 50-day moving average is $12.62 and its 200 day moving average is $11.79. The company has a market capitalization of $50.82 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 0.99 and a beta of 1.63. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.04 and a current ratio of 1.17.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The firm had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 EPS. Sell-side analysts expect that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

Insider Buying and Selling

In related news, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GHP Investment Advisors Inc. boosted its stake in shares of Ford Motor by 67.6% during the third quarter. GHP Investment Advisors Inc. now owns 12,222 shares of the auto manufacturer’s stock valued at $144,000 after purchasing an additional 4,929 shares during the period. Caprock Group LLC boosted its stake in shares of Ford Motor by 10.0% during the third quarter. Caprock Group LLC now owns 49,897 shares of the auto manufacturer’s stock valued at $620,000 after purchasing an additional 4,518 shares during the period. SS&H Financial Advisors Inc. purchased a new stake in shares of Ford Motor during the third quarter valued at $366,000. Fiduciary Alliance LLC boosted its stake in shares of Ford Motor by 1,182.3% during the third quarter. Fiduciary Alliance LLC now owns 32,212 shares of the auto manufacturer’s stock valued at $400,000 after purchasing an additional 29,700 shares during the period. Finally, Czech National Bank boosted its stake in shares of Ford Motor by 47.7% during the third quarter. Czech National Bank now owns 687,123 shares of the auto manufacturer’s stock valued at $8,534,000 after purchasing an additional 221,751 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Company Profile

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.