Ford Motor (NYSE:F) Given New $9.00 Price Target at Royal Bank of Canada

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

Other equities research analysts have also issued reports about the company. Wells Fargo & Company dropped their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Bank of America decreased their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group downgraded shares of 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, Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Three 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.96.

Ford Motor Price Performance

Shares of NYSE:F opened at $9.28 on Thursday. The company has a market cap of $36.86 billion, a P/E ratio of 10.54, a P/E/G ratio of 1.96 and a beta of 1.63. The business has a fifty day simple moving average of $10.14 and a 200-day simple moving average of $10.61. Ford Motor has a 52 week low of $9.26 and a 52 week high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating 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%. Equities research analysts forecast that Ford Motor will post 1.78 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 68.18%.

Institutional Trading of Ford Motor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Business Financial Services Inc. grew its stake in Ford Motor by 43.2% in the fourth quarter. First Business Financial Services Inc. now owns 18,193 shares of the auto manufacturer’s stock worth $180,000 after purchasing an additional 5,484 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in Ford Motor by 15.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 42,773 shares of the auto manufacturer’s stock worth $423,000 after buying an additional 5,576 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Ford Motor in the 4th quarter worth approximately $1,928,000. Proficio Capital Partners LLC increased its holdings in shares of Ford Motor by 10.1% in the 4th quarter. Proficio Capital Partners LLC now owns 12,118 shares of the auto manufacturer’s stock valued at $120,000 after acquiring an additional 1,112 shares during the last quarter. Finally, Keybank National Association OH raised its position in shares of Ford Motor by 9.5% during the 4th quarter. Keybank National Association OH now owns 122,266 shares of the auto manufacturer’s stock valued at $1,210,000 after acquiring an additional 10,586 shares in the last quarter. 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.