Tigress Financial Boosts Ford Motor (NYSE:F) Price Target to $22.00

Ford Motor (NYSE:F – Get Rating) had its target price boosted by Tigress Financial from $20.00 to $22.00 in a report issued on Friday, The Fly reports. They currently have a buy rating on the auto manufacturer’s stock.

Several other equities analysts also recently commented on the company. Wells Fargo & Company downgraded Ford Motor from an overweight rating to an underweight rating and decreased their target price for the company from $24.00 to $12.00 in a research report on Wednesday, May 11th. Benchmark cut their price objective on Ford Motor from $29.00 to $25.00 in a report on Monday, May 2nd. Citigroup cut their price objective on Ford Motor from $23.00 to $18.00 in a report on Monday, March 28th. Exane BNP Paribas started coverage on Ford Motor in a report on Monday, April 11th. They set an outperform rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Ford Motor from $21.00 to $17.00 and set a hold rating on the stock in a report on Thursday, April 21st. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Ford Motor presently has an average rating of Hold and an average price target of $18.76.

NYSE:F opened at $12.83 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.01 and a current ratio of 1.17. The stock has a market cap of $51.57 billion, a price-to-earnings ratio of 4.52, a PEG ratio of 2.23 and a beta of 1.15. The business has a fifty day moving average of $15.17 and a 200-day moving average of $18.15. Ford Motor has a 1 year low of $12.07 and a 1 year high of $25.87.

Ford Motor (NYSE:F – Get Rating) last announced its earnings results on Wednesday, April 27th. The auto manufacturer reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). Ford Motor had a net margin of 8.57% and a return on equity of 12.46%. The business had revenue of $32.11 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the previous year, the company earned $0.89 EPS. On average, equities research analysts predict that Ford Motor will post 1.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Tuesday, April 26th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, April 25th. Ford Motor’s dividend payout ratio (DPR) is presently 14.08%.

In related news, major shareholder Motor Co Ford sold 8,000,000 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $26.80, for a total value of $214,400,000.00. Following the completion of the sale, the insider now directly owns 93,947,494 shares of the company’s stock, valued at approximately $2,517,792,839.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Clay Ford, Jr. bought 267,697 shares of the firm’s stock in a transaction that occurred on Thursday, March 24th. The stock was purchased at an average cost of $16.81 per share, with a total value of $4,499,986.57. The disclosure for this purchase can be found here. Company insiders own 0.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. CVA Family Office LLC acquired a new position in Ford Motor during the 4th quarter valued at about $74,000. Brown Advisory Securities LLC boosted its stake in Ford Motor by 36.4% during the 4th quarter. Brown Advisory Securities LLC now owns 15,000 shares of the auto manufacturer’s stock valued at $313,000 after purchasing an additional 4,000 shares during the last quarter. Spire Wealth Management boosted its stake in Ford Motor by 122.4% during the 4th quarter. Spire Wealth Management now owns 145,728 shares of the auto manufacturer’s stock valued at $3,172,000 after purchasing an additional 80,213 shares during the last quarter. Allworth Financial LP boosted its stake in Ford Motor by 17.4% during the 4th quarter. Allworth Financial LP now owns 46,545 shares of the auto manufacturer’s stock valued at $967,000 after purchasing an additional 6,915 shares during the last quarter. Finally, Brinker Capital Investments LLC acquired a new position in Ford Motor during the 4th quarter valued at about $695,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Ford Motor Company Profile (Get Rating)

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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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