Ford Motor (NYSE:F) Price Target Cut to $15.50 by Analysts at Bank of America

Ford Motor (NYSE:F) had its price objective decreased by Bank of America from $19.00 to $15.50 in a research note issued to investors on Thursday morning,Benzinga reports. Bank of America currently has a buy rating on the auto manufacturer’s stock.

A number of other analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $11.96.

Ford Motor Trading Down 7.3 %

NYSE F opened at $9.28 on Thursday. Ford Motor has a one year low of $9.26 and a one year high of $14.85. The company’s 50 day moving average price is $10.14 and its 200 day moving average price is $10.61. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The firm has a market capitalization of $36.86 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 1.96 and a beta of 1.63.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. On average, sell-side 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 Investors Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently bought and sold shares of F. Hager Investment Management Services LLC acquired a new stake in Ford Motor during the fourth quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new position in Ford Motor during the fourth quarter valued at approximately $29,000. Kentucky Trust Co acquired a new position in Ford Motor during the fourth quarter valued at approximately $31,000. Reston Wealth Management LLC acquired a new position in Ford Motor during the third quarter valued at approximately $33,000. Finally, Crewe Advisors LLC grew its holdings in Ford Motor by 169.9% during 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 during the last quarter. 58.74% of the stock is currently owned by institutional investors.

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.