Royal Bank of Canada Lowers Ford Motor (NYSE:F) Price Target to $9.00

Ford Motor (NYSE:F) had its target price decreased by Royal Bank of Canada from $10.00 to $9.00 in a research report report published on Thursday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the auto manufacturer’s stock.

Several other brokerages also recently weighed in on F. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a research report on Thursday, November 7th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Bank of America decreased their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and cut their target price for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.96.

Ford Motor Stock Down 7.3 %

NYSE:F opened at $9.28 on Thursday. The firm has a market capitalization of $36.86 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.63. Ford Motor has a 52 week low of $9.26 and a 52 week high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The stock has a 50 day moving average of $10.14 and a 200-day moving average of $10.61.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Analysts predict that Ford Motor will post 1.78 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.47%. The ex-dividend date of this dividend is Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Institutional Trading of Ford Motor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hager Investment Management Services LLC purchased a new stake in Ford Motor during the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust acquired a new position in Ford Motor in the 4th quarter worth approximately $29,000. Kentucky Trust Co purchased a new position in Ford Motor during the 4th quarter worth approximately $31,000. Reston Wealth Management LLC acquired a new stake in Ford Motor during the 3rd quarter valued at $33,000. Finally, Crewe Advisors LLC lifted its holdings in shares of Ford Motor by 169.9% in the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 2,068 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

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.