Evercore ISI Cuts Ford Motor (NYSE:F) Price Target to $10.00

Ford Motor (NYSE:F) had its target price cut by Evercore ISI from $11.00 to $10.00 in a report published on Monday morning,Benzinga reports. They currently have an in-line rating on the auto manufacturer’s stock.

Other research analysts have also issued reports about the company. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a report on Thursday, November 7th. JPMorgan Chase & Co. decreased their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.89.

Ford Motor Stock Up 0.3 %

NYSE:F opened at $9.24 on Monday. The firm has a market capitalization of $36.72 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. Ford Motor has a twelve month low of $9.10 and a twelve month high of $14.85. The stock’s 50 day moving average price is $10.00 and its two-hundred day moving average price is $10.50. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Equities research analysts expect that Ford Motor will post 1.7 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.49%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

Institutional Trading of Ford Motor

Several large investors have recently modified their holdings of the stock. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor during the 4th quarter worth $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Ford Motor during the 4th quarter worth $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of Ford Motor during the 4th quarter worth $30,000. Kentucky Trust Co bought a new stake in shares of Ford Motor during the 4th quarter worth $31,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Ford Motor during the 3rd quarter worth $33,000. 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.