Piper Sandler Issues Pessimistic Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price target decreased by Piper Sandler from $13.00 to $9.00 in a research report report published on Thursday,Benzinga reports. Piper Sandler currently has a neutral rating on the auto manufacturer’s stock.

A number of other equities research analysts have also weighed in on the stock. Evercore ISI lowered their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Royal Bank of Canada lowered their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Finally, Bank of America cut their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $11.50.

Ford Motor Stock Down 1.4 %

Shares of NYSE:F opened at $10.03 on Thursday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a 52-week low of $9.06 and a 52-week high of $14.85. The business’s 50 day simple moving average is $9.73 and its two-hundred day simple moving average is $10.31. The firm has a market cap of $39.73 billion, a P/E ratio of 6.87, a PEG ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) 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%. As a group, research analysts forecast that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.99%. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in F. Empowered Funds LLC boosted its holdings in Ford Motor by 6.3% in the 3rd quarter. Empowered Funds LLC now owns 94,227 shares of the auto manufacturer’s stock worth $995,000 after buying an additional 5,557 shares during the period. Quest Partners LLC bought a new position in shares of Ford Motor in the third quarter worth $96,000. Prospera Financial Services Inc grew its position in shares of Ford Motor by 12.1% in the third quarter. Prospera Financial Services Inc now owns 186,767 shares of the auto manufacturer’s stock valued at $1,972,000 after purchasing an additional 20,202 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Ford Motor during the 3rd quarter valued at $1,373,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Ford Motor by 17.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,093,785 shares of the auto manufacturer’s stock worth $11,550,000 after purchasing an additional 158,960 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

About Ford Motor

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.