Ford Motor Co. (F) Given a $13.00 Price Target at Credit Agricole SA
Ford Motor Co. (NYSE:F) has been assigned a $13.00 target price by analysts at Credit Agricole SA in a research note issued to investors on Tuesday. The brokerage presently has a a “buy” rating on the auto manufacturer’s stock. Credit Agricole SA’s price objective would indicate a potential upside of 7.35% from the stock’s previous close.
Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, July 29th. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 price objective for the company in a research note on Monday, June 27th. Barclays PLC reiterated an “equal weight” rating and issued a $12.00 price objective on shares of Ford Motor in a research note on Monday, September 12th. Goldman Sachs Group Inc. set a $15.00 price objective on shares of Ford Motor and gave the company a “buy” rating in a research note on Thursday, July 7th. Finally, Piper Jaffray Cos. initiated coverage on shares of Ford Motor in a research note on Thursday, June 9th. They issued an “overweight” rating and a $17.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.38.
Ford Motor (NYSE:F) traded up 0.173% during trading on Tuesday, reaching $12.131. 30,902,960 shares of the company were exchanged. The stock has a 50 day moving average price of $12.49 and a 200 day moving average price of $13.05. Ford Motor has a 12 month low of $11.02 and a 12 month high of $15.84. The firm has a market capitalization of $48.20 billion, a PE ratio of 5.722 and a beta of 1.30.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. The business had revenue of $39.50 million for the quarter, compared to analyst estimates of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. On average, analysts expect that Ford Motor will post $1.83 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, July 26th. This represents a $0.60 annualized dividend and a yield of 4.95%. Ford Motor’s payout ratio is 29.27%.
In other Ford Motor news, Director John C. Lechleiter bought 5,000 shares of the stock in a transaction on Monday, August 8th. The stock was purchased at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at $306,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Charter Trust Co. raised its position in Ford Motor by 11.1% in the first quarter. Charter Trust Co. now owns 105,946 shares of the auto manufacturer’s stock valued at $1,430,000 after buying an additional 10,615 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Ford Motor by 1.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 3,944,218 shares of the auto manufacturer’s stock valued at $53,246,000 after buying an additional 41,180 shares during the last quarter. Trust Co. of Virginia VA increased its stake in Ford Motor by 7.4% in the first quarter. Trust Co. of Virginia VA now owns 306,594 shares of the auto manufacturer’s stock valued at $4,139,000 after buying an additional 21,202 shares during the last quarter. Park National Corp OH increased its stake in Ford Motor by 8.1% in the first quarter. Park National Corp OH now owns 1,292,362 shares of the auto manufacturer’s stock valued at $17,447,000 after buying an additional 96,602 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. bought a new stake in Ford Motor during the fourth quarter valued at $2,650,000. Institutional investors and hedge funds own 56.06% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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