The Goldman Sachs Group Cuts Ford Motor (NYSE:F) Price Target to $14.00

Ford Motor (NYSE:F) had its price objective reduced by The Goldman Sachs Group from $16.00 to $14.00 in a research note published on Tuesday,Benzinga reports. They currently have a neutral rating on the auto manufacturer’s stock.

A number of other equities analysts also recently commented on F. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. BNP Paribas Exane lifted their target price on shares of Ford Motor from $14.00 to $14.50 and gave the company a “neutral” rating in a report on Thursday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research note on Monday, September 21st. JPMorgan Chase & Co. upped their price target on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company increased their price target on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.43.

Ford Motor Stock Up 1.2%

Shares of Ford Motor stock opened at $12.26 on Tuesday. The company has a 50-day simple moving average of $13.58 and a two-hundred day simple moving average of $13.55. The stock has a market capitalization of $48.90 billion, a PE ratio of -6.56, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93. Ford Motor has a 52-week low of $11.11 and a 52-week high of $17.78. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09.

Ford Motor (NYSE:F) last released its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business had revenue of $48.30 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the prior year, the firm posted $0.37 EPS. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts anticipate that Ford Motor will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Tuesday, August 11th. Ford Motor’s dividend payout ratio (DPR) is presently -32.09%.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in shares of Ford Motor by 6.0% in the third quarter. GAMMA Investing LLC now owns 120,927 shares of the auto manufacturer’s stock worth $1,458,000 after acquiring an additional 6,856 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Ford Motor by 217.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 611,822 shares of the auto manufacturer’s stock worth $7,379,000 after purchasing an additional 419,337 shares during the period. Westwind Capital purchased a new position in shares of Ford Motor during the 3rd quarter worth $1,742,000. Artemis Investment Management LLP boosted its holdings in shares of Ford Motor by 57.4% during the third quarter. Artemis Investment Management LLP now owns 1,890,222 shares of the auto manufacturer’s stock worth $22,796,000 after purchasing an additional 689,178 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in shares of Ford Motor by 24.4% in the third quarter. Avidian Wealth Enterprises LLC now owns 37,876 shares of the auto manufacturer’s stock valued at $457,000 after purchasing an additional 7,424 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.