Sanford C. Bernstein Begins Coverage on Ford Motor (NYSE:F)

Sanford C. Bernstein started coverage on shares of Ford Motor (NYSE:FFree Report) in a research report sent to investors on Thursday morning, Marketbeat reports. The firm issued an outperform rating and a $16.00 price target on the auto manufacturer’s stock.

Several other research analysts have also weighed in on the company. Morgan Stanley lifted their target price on Ford Motor from $15.00 to $16.00 and gave the stock an overweight rating in a report on Tuesday, February 13th. Redburn Atlantic initiated coverage on Ford Motor in a research note on Wednesday, January 24th. They set a sell rating and a $10.00 target price for the company. Royal Bank of Canada lifted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company a sector perform rating in a research note on Thursday, April 25th. Piper Sandler started coverage on shares of Ford Motor in a research report on Friday, March 15th. They set a neutral rating and a $13.00 price objective for the company. Finally, Citigroup boosted their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the company a buy rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $13.89.

View Our Latest Analysis on F

Ford Motor Price Performance

Shares of F stock opened at $12.16 on Thursday. The firm’s 50 day moving average price is $12.62 and its two-hundred day moving average price is $11.96. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The stock has a market cap of $48.55 billion, a PE ratio of 12.54, a PEG ratio of 0.80 and a beta of 1.61.

Ford Motor (NYSE:FGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping 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 business had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. During the same period last year, the company earned $0.63 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. As a group, analysts forecast that Ford Motor will post 1.97 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.93%. Ford Motor’s payout ratio is 61.86%.

Insiders Place Their Bets

In other news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the transaction, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the sale, the director now owns 168,601 shares in the company, valued at approximately $2,038,386.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark Kosman sold 26,898 shares of the firm’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 directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Institutional Trading of Ford Motor

A number of hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in Ford Motor during the 4th quarter worth $475,899,000. Coatue Management LLC acquired a new position in shares of Ford Motor in the fourth quarter valued at about $149,152,000. Newport Trust Company LLC grew its stake in shares of Ford Motor by 4.5% in the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after acquiring an additional 6,667,808 shares in the last quarter. Fisher Asset Management LLC raised its stake in Ford Motor by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after purchasing an additional 3,522,965 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Ford Motor by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock worth $1,085,406,000 after purchasing an additional 2,657,650 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Ford Motor (NYSE:F)

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