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

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

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

Ford Motor Stock Down 1.2 %

F stock traded down $0.16 during midday trading on Thursday, hitting $12.88. 32,542,703 shares of the company’s stock were exchanged, compared to its average volume of 54,022,195. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The firm has a 50 day moving average price of $12.61 and a 200-day moving average price of $11.79. The stock has a market capitalization of $51.18 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63.

Ford Motor (NYSE:F) last released its quarterly earnings data 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. Ford Motor had a return on equity of 17.56% and a net margin of 2.21%. The business had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts anticipate that Ford Motor will post 1.9 EPS for the current 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s payout ratio is 61.86%.

Insider Activity at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of F. Norges Bank purchased a new position in Ford Motor in the fourth quarter valued at about $475,899,000. Coatue Management LLC bought a new stake in shares of Ford Motor during the 4th quarter worth about $149,152,000. Newport Trust Company LLC boosted its stake in shares of Ford Motor by 4.5% during the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after acquiring an additional 6,667,808 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after acquiring an additional 3,522,965 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Ford Motor by 151.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,496,403 shares of the auto manufacturer’s stock worth $55,845,000 after acquiring an additional 2,707,038 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

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.