Ford Motor (NYSE:F) Given New $10.00 Price Target at Deutsche Bank Aktiengesellschaft

Ford Motor (NYSE:F) had its price target lowered by Deutsche Bank Aktiengesellschaft from $11.00 to $10.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the auto manufacturer’s stock.

Other research analysts have also issued reports about the stock. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. Wolfe Research began coverage on Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Wells Fargo & Company lowered their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday. Finally, The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.41.

Ford Motor Stock Performance

Shares of NYSE F opened at $10.47 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The firm’s 50-day moving average price is $10.83 and its two-hundred day moving average price is $11.64. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The stock has a market capitalization of $41.78 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.58 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. As a group, sell-side analysts forecast that Ford Motor will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be given a $0.15 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.73%. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Institutional Trading of Ford Motor

A number of hedge funds have recently bought and sold shares of F. Dimensional Fund Advisors LP raised its holdings in shares of Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after acquiring an additional 7,793,944 shares in the last quarter. Legal & General Group Plc grew its position in Ford Motor by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after purchasing an additional 318,715 shares during the last quarter. LSV Asset Management lifted its stake in shares of Ford Motor by 1.6% in the second quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after buying an additional 312,496 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of Ford Motor by 11.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock worth $163,214,000 after purchasing an additional 1,214,640 shares in the last quarter. Finally, National Pension Service increased its holdings in Ford Motor by 19.7% in the 3rd quarter. National Pension Service now owns 10,115,052 shares of the auto manufacturer’s stock valued at $106,815,000 after buying an additional 1,663,460 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

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.