Ford Motor (NYSE:F) Receives New Coverage from Analysts at Wolfe Research

Wolfe Research began coverage on shares of Ford Motor (NYSE:F) in a research note released on Thursday morning, MarketBeat reports. The brokerage issued a peer perform rating on the auto manufacturer’s stock.

Several other equities analysts have also recently issued reports on F. Royal Bank of Canada decreased their target price on shares of Ford Motor from $13.00 to $10.00 and set a sector perform rating for the company in a research note on Monday, August 12th. Sanford C. Bernstein initiated coverage on Ford Motor in a research report on Thursday, May 23rd. They set an outperform rating and a $16.00 target price on the stock. The Goldman Sachs Group cut their price target on Ford Motor from $14.00 to $12.00 and set a neutral rating for the company in a research note on Thursday, July 25th. StockNews.com raised Ford Motor from a sell rating to a hold rating in a report on Friday, August 2nd. Finally, Evercore ISI raised Ford Motor to a hold rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $13.48.

Ford Motor Stock Down 1.8 %

NYSE:F opened at $10.58 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a market cap of $42.24 billion, a PE ratio of 10.91, a P/E/G ratio of 0.81 and a beta of 1.62. The company’s 50 day moving average is $11.70 and its two-hundred day moving average is $12.15.

Ford Motor (NYSE:F) last posted its quarterly 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). The business had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 earnings per share. Analysts anticipate that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.67%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s payout ratio is 61.86%.

Institutional Investors Weigh In On Ford Motor

Large investors have recently added to or reduced their stakes in the business. Olistico Wealth LLC purchased a new position in shares of Ford Motor in the 2nd quarter valued at about $25,000. Fortis Group Advisors LLC increased its stake in Ford Motor by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after purchasing an additional 1,086 shares during the last quarter. Family Firm Inc. acquired a new stake in Ford Motor during the second quarter worth approximately $26,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Ford Motor during the 4th quarter worth approximately $27,000. Finally, Financial Synergies Wealth Advisors Inc. boosted its holdings in shares of Ford Motor by 1,997.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,938 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other 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.